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PUBLIC DOCUMENT .... .... No. 9. 



FORTY-SECOND ANNUAL REPORT 



OF THE 



Insurance Commissioner 



OF THE 



(&ammmtet<dfy ai illassatjjnsttts. 



January 1, 1897. 



PART I. 

FIRE AND MARINE INSURANCE. 



BOSTON : 

WRIGHT & POTTER PRINTING CO., STATE PRINTERS, 

18 Post Office Square. 

1897. 



27 1897 



ft 



TABLE OF CONTENTS. 



[For Index to companies, see end of Volume.] 



COMMISSIONER'S REPORT. 

PAGE 

Introductory, v 

Companies now transacting business, classified, vi 

Companies authorized during 1896, vi 

Companies admitted since Jan. 1, 1897, vii 

Companies ceased to do business during 1896, vii 

Companies ceasing to do business since Jan. 1,1S97, viii 

The arbitration provision, viii 

Restricting companies to lawful ventures, ix 

Official examinations, xi 

Fire statistics, . xi 

Condition of companies in hands of receivers, xiv-xvi 

The Fire Marshal's report, xvi 

Finances of the department, xvii 

Comparative tables, . . . xix 

Massachusetts Mutual Fire Insurance Companies : 

Comparative Table A, - xxi 

Massachusetts Mutual Fire-Marine Insurance Companies : 

Comparative Table B, xxi 

Massachhsetts Joint-Stock Insurance Companies: 

Comparative Table C, xxii 

Insurance Companies of Other States : 

Comparative Table D, . . . . . . . . . xxiii 

United States Branches of Foreign Insurance Companies: 

Comparative Table E, xxiv 

Aggregates of all the companies, xxv 

Massachusetts Business : 

Comparative Table F, xxvi 

Comparative ratios, xxvi 

Table G. — Fire risks written, premiums received and losses incurred in 

Massachusetts, xxvii 

Statistical tables, xxix 



IV TABLE OF CONTENTS. 

PAGE 

Massachusetts Mutual Fire Insurance Companies: 

Table I. — Risks, assets, liabilities and surplus, xxx 

Table II. — Gross cash income and expenditures, premiums, losses and 

expenses, xxxii 

Massachusetts Mutual Fire-Marine Insurance Companies: 

Table III. — Guaranty fund, scrip, risks, assets, liabilities and surplus, . xxxiv 
Table IV. — Gross cash income and expenditures, premiums, losses and 

expenses, xxxiv 

Massachusetts Joint-Stock Insurance Companies : 

Table V. — Cash capital, risks, assets, liabilities and surplus, . . xxxv 
Table VI. — Risks written, premiums received and losses paid, . . xxxvi 
lable VII. — Gross cash income and expenditures, expenses and divi- 
dends, xxxvii 

Insurance Companies of Other States: 

Table VIII. — Cash capital, risks, assets, liabilities and surplus, . . xxxviii 
Table IX, — Risks written, premiums received and losses paid, . . xliv 
Table X. — Gross cash income and expenditures, expenses and divi- 
dends, . 1 

United States Branches : 

Table XI. — Showing deposits, etc., Ivi 

Table XII. — Business of 1896, lviii 

Massachusetts Business in Detail: 

Table XIII Ix 

Table XIV. — Receipts and expenditures of the insurance department, . lxv 

DETAILED STATEMENTS. 

Massachusetts mutual fire companies, 1 

Massachusetts mutual marine companies, . . . . . . . . 101 

Massachusetts joint-stock fire, marine and fire-marine companies, . . . 107 

Fire, marine and fire-marine insurance companies of other States, . . . 127 

United States branches of foreign companies, 383 

Appendix, 467 



Cammonbjraltjj of Utassacfcttsetts. 



Insurance Department, Boston, April 5, 1897. 
To the Honorable Ike Senate and House of Representatives. 

Herewith is submitted, in compliance with the provisions of 
law, Part I., relating to fire and marine insurance, of the forty- 
second annual report of the Insurance Commissioner. 

The history of the past year shows an additional mortality in 
the list of the comparatively new mercantile mutual fire insur- 
ance companies, concerning which comment was made in the 
last annual report. Some of these fell by the way not from 
their own erroneous methods or ill-considered practices, but 
were carried down by the weight of the misfortunes which 
overtook others of their class from ill-advised methods, un- 
digested plans and carelessness (to say nothing stronger) of 
the management, and by the distrust which had fallen upon 
them because of the mad race which had led quite a number of 
companies of this class into an unseemly struggle for a wide 
volume of business, unaccompanied by the safeguards and dis- 
cretion in business management which alone can make this line 
of insurance a success. It is exceedingly unfortunate that the 
good name which through a long period of years had been borne 
by the Massachusetts mutuals should have been smirched by 
the record of these comparatively recent events. 

The companies now transacting business in Massachusetts are 
classified as follows : — ■ 



VI 



KEPORT OF THE 





Authorized 

prior to 
Jan, 1, 1897. 


Authorized 

since 
Jan. 1, 1897. 


Massachusetts mutual fire, . .-. 
Massachusetts mutual marine, .... 

Massachusetts joint stock 

Companies of other States, .... 
United States branches of foreign companies, . 


54 

3 

6 

91 

36 


1 

9 
3 




190 


13 



Changes in corporations authorized to transact business in 
the Commonwealth since the last report are as follows : — 



Companies authorized during the Year 1896. 



NAME OF COMPANY. 


Location. 


Date of Authority. 


Home Guaranty Mutual, . 


Lowell, .... 


January 


1. 


Business Men's Mutual, . 


Boston, . . 


January 


2. 


Teutonia, 


New Orleans, La., . 


February 


8. 


National-Standard, . 


New York, N. Y., . 


March 


3. 


Schuylkill Fire, . . . 


Philadelphia, Pa., . 


April 


17. 


Svea Fire and Life, . 


Gothenburg, Sweden, . 


April 


29. 


M i 1 1 e r s' and Manufacturers' 








(Mutual Company), 


Minneapolis, Minn., 


June 


9. 


Victoria Fire, . . 


New York, N. Y., . 


July 


7. 


Eastern, . 


New York, N. Y., . 


July 


10. 


Thuringia, 


Erfurt, Germany, . 


July 


13. 


Colonial Assurance, . 


New York, N. Y., . 


July 


31. 


Manufacturers' and Merchants', 


Pittsburg, Pa., 


July 


31. 


Empire City Fire, 


New York, N. Y., . 


August 


12. 


Helvetia Swiss, .... 


St. Gall, Switzerland, . 


September 


1. 


Firemen's, . 


Baltimore, Md., . 


November 


3. 


German Fire, .... 


Pittsburg, Pa., 


November 


4. 


Magdeburg Fire, . . 


Magdeburg, Germany, . 


December 


2. 


Howard Fire, .... 


Baltimore, Md., 


December 


31. 



INSURANCE COMMISSIONER. 



Vll 



Companies admitted since Jan. i, 1897. 



NAME OF COMPANY - . 



Location. 



Date of Authority. 



Aachen and Munich, . 

Insurance Company, State of New 

York. 
Farmers' Fire, 

Harvard Mutual, . 

Home Mutual, 

Grand Rapids Fire, 

Buffalo Commercial, 

Merchants' and Manufacturers', 

German Alliance, . 

Transatlantic, 

Reliance Marine, . 

Assurance Company of America, 

Underwriters at American Lloyds, 



Germany, . 
New York, . 
York, Pa., . 
Boston, 
San Francisco, 
Grand Rapids, 
Buffalo, 
Baltimore, 
New York, 
Germany, 
England, 
New York, 
New York, 



January 21. 

January 21. 

January 25. 

February 3. 

February 12. 

February 15. 

February 15. 

February 25. 

February 27. 

March 4. 

March 9. 

March 23. 

March 27. 



Companies ceasing to do Business during the Year 1896. 



NAME OF COMPANY. 



Location. 



Date. 



Remarks. 



Winthrop Mutual Fire, 

Standard Mutual Fire, 

Central Mutual Fire, 

Wachusett Mutual Fire, 

Milford Mutual Fire, 

Excelsior Mutual Fire, 

Commerce Mutual Fire, 

Equitable Marine, . 

New England Mutual 
Fire. 



Boston, . 
Boston, . 
Boston, . 
Fitchburg, 
Milford, 
Boston, . 
Boston, . 
Provincetown, 
Boston, . 



Jan. 6, 

April 14, 

May 1, 

May 13, 

May 26, 

June 12, 

July 3, 

Aug. 19, 

Nov. 18, 



Reinsured in Scottish 
Union and National. 

R. D. Weston-Smith, 
receiver. 

R. D. Weston-Smith, 
receiver. 

Charles E. Ware, re- 
ceiver. 

Wendell Williams, 
receiver. 

Edward I. Baker, re- 
ceiver. 

Godfrey Morse, re- 
ceiver. 

Stockholders voted 
to dissolve. 

Reinsured in Home 
Guaranty Mutual. 



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<i 



INSURANCE COMMISSIONER. XI 

The desperate efforts to form some of these new companies 
is strikingly illustrated in the case of the Mt. Hope Mutual 
Fire Insurance Company of Fall River, which received a charter 
in June, 1896, and apparently complied with the requirements 
of law in filing the requisite number of applications for insur- 
ance, as well as the amount to be insured. An investigation 
by this department developed the fact that in numerous cases 
no street numbers could be found to correspond with those 
given in the applications, gross . over-valuation of property was 
not infrequent, while in many instances the parties whose names 
were signed denied having applied for the insurance. The cer- 
tificate required by law from the commissioner as a prerequisite 
to issuing policies was withheld, and thus for the second time 
within a short period an evident fraudulent attempt to start a 
mutual fire insurance company was frustrated. An effort to 
procure an indictment of the officers for making a false oath in 
support of this list of applications failed because the affidavit 
was not required by law, and therefore did not involve the 
crime of perjury. This has been remedied for the future by 
the prompt enactment of a new statute by the Legislature of 
1897. 

Official Examinations. 

By the enactment of chapter 335, Acts of 1896, this depart- 
ment was allowed an examiner ; and in July Mr. Frank H. 
Hardison, having been appointed in accordance with the terms 
of the law, entered upon the discharge of the duties of this 
position. The serious illness of the commissioner brought 
about his enforced absence from the department for quite a 
period during the year, but the opportune passage of the above 
law fortunately gave such additional assistance to the depart- 
ment that all of the triennial examinations falling due within 
the year were completed. 

Fire Statistics. 

Upon the suggestion of the commissioner the Legislature has 
this year repealed so much of the insurance laws as required 
the furnishing of blanks to town and city officials for making 
returns of fires, this duty having been, by a previous statute, 



XII REPORT OF THE 

transferred to the office of Fire Marshal of the Commonwealth. 
In this connection it may be pertinent to review somewhat the 
history of the collection of fire statistics in Massachusetts. In 
the twenty-first annual report of this department for the year 
1875 the then Insurance Commissioner — Hon. Stephen H. 
Rhodes — said : — 

The opportunity to obtain statistics of great value to insurers and 
insured offered by the taking of the industrial statistics and decennial 
census was not overlooked by the commissioner. By arrangement 
with the chief of the bureau having the matter in charge, a number 
of questions, relating to the manufacturing business of the State, 
were inserted in the blanks furnished to the enumerators, the replies 
to which have been drawn off upon separate slips, and the same are 
now in the possession of the insurance department. The practical 
use which it is proposed to make of these statistics is that blanks will 
be prepared and forwarded to the different engineers of fire depart- 
ments and to selectmen or clerks of towns, with the request that they 
will insert in the same such information as may be readily obtained 
in relation to fires which have occurred during the year, and forward 
the same to this department. 

Such statistics, continued a series of years, would be of great 
value. There may be some question as to the practicabilit}^ of at- 
tempting to obtain minute details in regard to the various risks, such, 
for instance, as are necessary to an insurance company for the suc- 
cessful prosecution of its business ; but the principal facts in relation 
thereto may be obtained annually, without serious inconvenience to 
any public officer, and at little expense. If the assessors of cities 
and towns were required by statute to return to the Insurance Com- 
missioner, annually in the month of October, upon blanks furnished 
by him, a schedule of all the manufacturing risks in their several 
localities, giving the construction of buildings (brick or frame), the 
power used (steam, water or hand) , and values of buildings, machinery 
and stock, no great burden would be imposed, as these officers could 
obtain the necessary information with but little extra labor. The 
facts once obtained, and schedules thereof prepared, the annual 
changes would be very slight. 

A statute to this effect might contain a further provision for the 
rendering, by the proper authorities, of an annual statement of the 
fires occurring during the year. In localities where there is a fire 
department, these facts are always matters of record. Where no 
such organization exists, the information may be easily obtained. 
The commissioner respectfully suggests that this subject is worthy 



INSURANCE COMMISSIONER. XI 11 

of the most careful consideration by the Legislature, and he unhesi- 
tatingly recommends the enactment of a law which shall provide for 
an annual return of all available facts relating to the manufacturing 
business of this State in its connection with the business of insurance. 
There is, apparently, no other way by which these statistics can be 
obtained. The classifications of the insurance companies are limited 
to insured property, whereas the property not insured is an important 
element in determining the cost of insurance. The annihilation of 
property by fire is a very serious obstacle to the progress both of our 
State and of the nation, and all practicable measures for reducing 
this fearful annual loss should be adopted. 

The year following the first statistics of fires were published 
in the supplement to the twenty-second annual report, and the 
Legislature was again urged to require by law that which was 
then voluntarily furnished ; and in 1878 chapter 104 was en- 
acted, being the first legal authority requiring the statistics 
that have since become of vital importance, and the value of 
which has become recognized throughout the entire country. 
From year to year the work has been continued, and the 
reports of this department show with what detail and thorough- 
ness these statistics have been compiled. 

It finally became evident that only through a bureau estab- 
lished for this special purpose could the best results be obtained, 
not only in the procurement of statistics as to fires, but in the 
matter of investigation and punishment of incendiarism ; and 
upon the recommendation of the commissioner there was created 
by the Legislature the office of Fire Marshal of the Common- 
wealth, a position which for several years theretofore had 
existed in the city of Boston. The collection of these statis- 
tics was committed to that bureau, with the provision that the 
Marshal should annually report to the Insurance Commissioner, 
and the material portions of such report should be embodied in 
that of the last-named official. The credit of having first 
inaugurated this important series of reports, the earliest of 
the kind in the country, should be given to Mr. Rhodes. 

The following affords a brief statement as to the condition 
of the various Massachusetts companies now in the hands of 
receivers : — 



XIV REPORT OF THE 

Suffolk Mutual Fire, placed in the hands of James E. Davis, 
65 Mason building, Boston, as receiver, March 22, 1895. 

[Receiver reports that all approved claims against the company except 
return premiums have been paid in full. Cash on hand, $16,378.82. 
Application has been made to the court for authority to pay return 
premiums, to pay for services of receiver, and to distribute the 
residue of the funds among persons who paid the assessment in 
full.] 

Commonwealth Mutual Fire, placed in the hands of William 
B. Stevens, 209 Washington Street, Boston, as receiver, May 

28, 1895. 

[Receiver reports that the amount of the assessment for 1250,000, col- 
lected up to March 25, 1897, was $57,623.74. Two claims which 
had been in dispute have been settled, creditors have received a 
dividend of 50 per cent., and a balance of $ 16,887.86 is in the hands 
of the receiver, who is still making collections. It is estimated 
that 75 per cent, of the assessment upon Massachusetts policy 
holders has been paid. Test suits are to be brought in Kew York, 
and, if successful, the receiver expects to be able to pay the com- 
pany's liabilities in full.] 

Patrons Mutual Fire, placed in the hands of Robert H. Leland, 
209 Washington Street, Boston, as receiver, Nov. 14, 1895. 
[Receiver reported March 25, 1897, that his total receipts to date were 
$8,639.26, and that he had paid out for losses and expenses $5,300.37. 
Amount of claims unpaid not barred, about $300. The assessment 
for $20,000 was levied June 1, 1896, and receiver expects to make 
further collections and be able to pay a considerable dividend.] 

Melrose Mutual Fire, placed in the hands of Alpheus San- 
ford, 70 Kilby Street, Boston, as receiver, Nov. 26, 1895. 

[The receiver declares an assessment of $43,420.77 necessary to secure 
sufficient funds to meet the liabilities of the company, amounting 
to $10,233.80 plus the expenses of the receivership, and has asked 
the court to affirm an assessment computed on that basis James 
Russell Reid was appointed auditor to report upon matters j)er- 
taining to the assessment, and has filed his finding affirming the 
estimates of the receiver.] 

Colonial Mutual Fire, placed in the hands of W. O. Under- 
wood, 50 State Street, Boston, as receiver, Dec. 23, 1895. 

[Receiver reports that an assessment of $30,000 has been levied by 
order of the court, issued March 2, 1897, and that up to April 1 
$4,073.06 had been collected. Time for proving claims expired 
January 15, and those which have been proved and allowed 
amount to $15,169.40. A claim for $1,100 for a loss is in litigation, 
and not included above. A dividend of 50 percent, has been paid, 
and the cash in hands of receiver April 1 was f9,327.56. It is 
expected all claims will be paid in full.] 



INSURANCE COMMISSIONER. XV 

Bay State Mutual Fire, placed in the hands of Herbert 
Parker, Worcester, as receiver, Dec. 28, 1895. 

[Receiver reported March 26, 1897, that he is waiting the filing of the 
report of the auditor appointed by the court upon questions per- 
taining to the revision of the former assessment made by officers 
of the company. The assets in the hands of the receiver are about 
$1,800. About $26,000 will be required to liquidate present debts 
and obligations and pay the expenses of the receivership.] 

Standard Mutual Fire, placed in the hands of R. D. Weston- 
Smith, 53 State Street, Boston, as receiver, April 14, 1896. 
[Receiver reports that compromise agreements have been made with 
creditors, so that no assessment will be necessary. Assets in hands 
of receiver, $17,354.07. Expenses of receivership, about $2,000.] 

Central Mutual Fire, placed in the hands of R. D. Wes- 
ton-Smith, 53 State Street, Boston, as receiver, May 1, 
1896. 

[Receiver reports that no assessment upon the policy holders will be 
necessary, as compromise agreements have been effected with the 
creditors, by virtue of which the $-4,511.41 in the hands of receiver 
will be sufficient to pay claims and expenses of receivership.] 

Wachusett Mutual Fire, placed in the hands of Charles E. 
Ware, Fitchburg, as receiver, May 13, 1896. 

[Receiver reports liabilities of about $27,787 and assets of $14,966. 
There are, besides, a few extremely doubtful assets in the form of 
old accounts due for premiums and for reinsurance. The liabili- 
ties also are exclusive of legal and receiver's expenses and charges. 
A lawsuit is pending against the company on a claim for $7,500, 
and a proposition for a compromise settlement of all claims is 
under consideration.] 

Excelsior Mutual Fire, placed in the hands of Edward I. 
Baker, 53 State Street, Boston, as receiver, June 12, 1896. 

[Receiver reported March 25, 1897, that he had a balance of cash on 
hand amounting to $2,208.45. The claims proved and allowed to 
date amounted to $1,203.66. The time for proving claims has not 
yet expired.] 

Commerce Mutual Fire, placed in the hands of Godfrey 
Morse, 53 State Street, Boston, as receiver, July 3, 1896. 

[Receiver reports that by decree of the supreme court an assessment 
of $4,000 has been ordered to meet liabilities off 1,782.08, together 
with estimated expenses of $700. March 25, 1897, the collections 
had amounted to about $900.] 



XVI REPORT OF THE 

Eastern Mutual Fire, placed in the hands of Fred H. Kidder, 
82 Devonshire Street, Boston, as receiver, Feb. 2, 1897. 

[Receiver reports that there are so many suits pending, the issue of 
which is doubtful, that it is impossible to give a clear idea of the 
company's liabilities. As to assets, receiver expects to get in at 
least $9,000 or $10,000 in all ; about $5,000 is now on hand.] 

Continental Mutual Fire, placed in the hands of Edward I. 
Baker, 53 State Street, Boston, as receiver, March 22, 1897. 
[The affairs of this company were substantially settled before the ap- 
pointment of a receiver, and no further assessment will be neces- 
sary.] 

Old Colony Mutual, placed in the hands of William B. 
French, 53 State Street, Boston, as receiver, March 30, 1897. 
[An assessment was laid by the officers of this company in 1896, only 
a small portion of which was collected. There are still claims 
against the company of about $33,000.] 

The Fire Marshal's Report. 
The serious illness of the statistician of the Fire Marshal's 
office, during the period when the figures and tables are com- 
piled, unfortunately prevents the presentation of the detailed 
work of that office, and the statistical tables usually published 
with this report will be given in a special pamphlet at a later 
date. Sufficient, however, is already shown to illustrate the 
work of that bureau and its value to the people of Massachu- 
setts. Previous to the establishment of the office of Fire 
Marshal, in the reports of fires within this Commonwealth the 
origin of from 35 to 50 per cent, was stated to be unknown or 
incendiary. Last year this was reduced to a percentage of 
15. Previous to the beginning of the work of the Fire Mar- 
shal the proportion of convictions in this Commonwealth to 
reported incendiary and unknown fires was but 1 in every 100. 
During last year this ratio of convictions was increased ten- 
fold. In the year next prior to the establishment of the above- 
named office 18 per cent, of those arrested for incendiarism 
were convicted, while in 1896 the convictions were 86 per 
cent, of the arrests. Of the persons convicted, one had set 
eight fires, two had set forty fires with a loss of one and one- 
half million dollars, and one had set twelve fires with a loss of 
$100,000. Auother had collected insurance fifteen times upon 



INSURANCE COMMISSIONER. XV 11 

the same goods. It is safe to say that there are to-day in the 
jails of this Commonwealth ten times as many persons con- 
victed of incendiarism as were ever before incarcerated for this 
crime in a single like period within the Commonwealth of 
Massachusetts, and it is probable that, of the cases in which 
convictions have been had, ninety per cent, would have escaped 
but for the work of the office of the Fire Marshal. 

A perusal of the figures establishes beyond controversy the 
belief that the work of this office, if carried on upon the plan 
heretofore adopted and with the experience thus gained, will 
be the means of saving hundreds of thousands of dollars to the 
people of Massachusetts in property which would otherwise be 
consumed by the depredations of scoundrels who for profit or 
for mischief engage in incendiarism within the borders of the 
Commonwealth. 

Finances of the Department. 

The income of the department for the year 1896 was 
$59,176.20, as shown in detail by Table XIV., being an 
increase of $1,984.34 over the previous year. The total 
expenditure was $36,276.96, leaving a surplus revenue accru- 
ing to the Commonwealth above the entire cost of carrying on 
the insurance department of $22,889.24. 

Respectfully submitted, 

GEORGE S. MERRILL, 

Insurance Commissioner. 



COMPARATIVE TABLES. 



Comparative Table A. — Massachusetts Mutual Fire Insurance 

Companies. 





1895.* 


1896.t 


Increase or 
Decrease in 189G. 


Assets (including contingent), 


$35,083,863 


$33,830,785 


—$1,253,078 


Liabilities, .... 


5,822,664 


5,297,677 


—524,987 


Cash surplus, .... 


4,672,580 


5,179,830 


507,250 


Income, 


6,037,980 


5,656,675 


—381,305 


Expenditures, 


6,055,176 


5,370,893 


—684,283 


Risks written, 


567,419,209 


524,202,443 


—43,216,766 


Net premiums received, 


5,523,716 


5,140,393 


—383,323 


Risks outstanding, . 


860,567,630 


839,252,547 


—21,315,083 


Losses paid, .... 


1,894,990 


1,557,302 


—337,688 


Losses incurred, 


2,219,625 


1,292,504 


— 927,121 


Assessments collected, . 


28,428 


63,393 


34,965 


Profits returned, 


3,122,764 


2,852,246 


—270,518 


Expenses, .... 


1,016,949 


943,551 


—73,398 



* Sixty companies. 



| Fifty -four companies. 



Comparative Table B. — Massachusetts Mutual Fire- Marine 

Insurance Companies. 





1895.* 


1896.* 


Increase or 
Decrease in 1S96. 


Assets, 


$527,269 


$551,515 


$24,246 


Liabilities, . 


197,268 


249,035 


51,767 


Surplus, 


330,001 


302,480 


—27,521 


Income, 


224,884 


354,959 


130,075 


Expenditures, 


217,303 


326,121 


108,818 


Risks written, .... 


19,501,226 


22,563,386 


3,062,160 


Net premiums received, 


215,895 


344,556 


128,661 


Losses paid, .... 


146,742 


235,709 


88,967 


Losses incurred, 


155,455 


255,277 


99,822 


Risks outstanding, . 


7,510,029 


8,961,899 


1,451,870 


Expenses, . 


54,678 


72,429 


17,751 


Scrip dividends declared, 


- 


— 


- 


Scrip redeemed, 


- 


- 


- 


Scrip outstanding, . 


656,561 


656,561 


- 



* Two companies. 



xxn 



EEPORT OF THE 



Comparative Table C. — Massachusetts Joint-Stock Insurance 

Companies. 



1895. 



1896.f 



Increase or 
Decrease in 1S96. 



Cash capital, 

Assets, . 

Liabilities, . 

Surplus, 

Income, 

Expenditures, 

Fire risks written, 

Fire premiums received (net), 

Marine risks written, . 

Marine premiums rec'd (net), 

Fire losses paid, . 

Marine losses paid, 

Fire losses incurred, 

Marine losses incurred, 

Fire risks outstanding, 

Marine risks outstanding, 

Expenses, 

Cash dividends declared, 



$3,850,000 

9,199,631 

3,123,206 

6,076,365 

3,998,116 

3,604,608 

252,641.696 

2,725,081 

60,101,703 

921,336 

1,441,548 

744,897 

1,442,341 

820,730 

380,869,241 

9,677,901 

1,080,871 

337,500 



$3,800,000 

9,216,264 

2,945,380 

6,270,884 

3,752,358 

3,543,202 

261,928,207 

2,562,687 

58,904,178 

832,909 

1,313,947 

724,713 

1,272,223 

799,254 

385,623,767 

6,851,354 

1,168,339 

336,000 



—$50,000 

16,633 

—177,886 

194,519 

—245,758 

—61,406 

9,286,511 

—162,394 

—1,197,525 

—88,427 

—127,601. 

—20,184 

—170,118 

—21,476 

4,754,526 

—2,826,547 

87,468 

—1,500 



* Seven companies. 



| Sis companies. 



INSURANCE COMMISSIONER. 



XXlll 



Comparative Table D. — Fire and Marine Insurance Companies 

of Other States. 




* Seventy-nine companies, 



t Ninety-one companies. 



XXIV 



REPORT OF THE 



Comparative Table E. 



United States Branches of Foreign Com- 
panies. 





1895.* 


1896.f 


Increase or 
Decrease in 1896. 


Deposit capital, . 


$7,300,000 


, $8,100,000 


$800,000 


Assets in United States, 


58,013,635 


60,626,631 


2,612,996 


Liabilities in United States, . 


37,789,529 


36,869,288 


—920,241 


Surplus, .... 


20,224,106 


23,757,344 


3,533,238 


Income, 


46,868,292 


46,806,439 


— 61,853 


Expenditures, 


40,449,791 


39,796,528 


—653,263 


Fire risks written, 


5,169,560,329 


5,105,588,412 


—63,971,917 


Fire premiums received (net), 


41,013,820 


53,624,980 


12,611,160 


Marine risks written, . 


1,363,158,387 


1,516,100,265 


152,941,878 


Marine premiums rec'd (net), 


3,788,212 


5,479,925 


1,691,713 


Fire losses paid, . 


23,404,845 


22,455,814 


—949,031 


Marine losses paid, 


2,412,426 


2,569,509 


157,083 


Fire losses incurred, 


22,555,166 


21,846,239 


—708,927 


Marine losses incurred, 


2,619,129 


2,490,072 


—129,057 


Fire risks outstanding, . 


5,835,923,975 


5,945,827,120 


109,903,145 


Marine risks outstanding, . 


77,945,625 


86,213,044 


8,267,419 


Expenses, .... 


14,612,519 


14,771,205 


158,686 


* Thirty-two companies. 




f Thiny-6ix comp 


iniee. 



INSURANCE COMMISSIONER. 



XXV 



Aggregates of all the Companies. 





1895. 


1896. 


Increase or 
Decrease in 1896. 


Cash capital, 


153,120,025 


§56,555,875 


$3,435,850 


Assets (including contingent 

of mutual companies). 
Liabilities, .... 


278,792,332 
130,557,889 


293,600,063 
130,413,987 


14,807,731 
—143,902 


Surplus, .... 


123,517,744 


139,832,799 


16,315,055 


Income, 


145,731,105 


146,381,512 


650,407 


Expenditures, 


131,059,942 


129,103,593 


—1,956,349 


Fire risks written, . 


14,593,403,355 


14,780,928,104 


187,524,749 


Fire premiums received (net), 


124,399,915 


137,711,553 


13,311,638 


Marine risks written, . 


2,789,594,309 


2,636,699,783 


—152,894,526 


Marine premiums rec'd (net), 


10,844,484 


12,389,335 


1,544,851 


Fire losses paid, . 


67,841,860 


65,065,990 


—2,775,870 


Marine losses paid, 


7,848,173 


7,376,598 


—471,575 


Fire losses incurred, 


66,789,497 


62,914,373 


—3,875,124 


Marine losses incurred, 


8,425,640 


6,739,599 


—1,686,041 


Fire risks outstanding, . 


18,462,445,077 


18,998,232,475 


535,787,398 


Marine risks outstanding, 


274,629,841 


282,822,363 


8,192,522 


Expenses, .... 


45,551,744 


46,685,402 


1,133,658 


Cash dividends declared, 


5,252,925 


5,867,202 


614,277 



XXV! 



REPORT OF THE 



Comparative Table F. — Massachusetts Business.* 





1895. 


1896. 


Increase or 
Decrease in 189G. 


Fire risks written, 


$1,020,680,686 


^1,063,078,568 


$42,397,882 


Fire premiums received, 


11,032,012 


11,248,934 


216,922 


Fire losses paid, 


4,165,155 


4,604,717 


439,562 


Fire losses incurred, 


4,029,954 


4,801,014 


771,060 


Marine risks written, 


314,537,634 


323,421,805 


8,884,17* 


Marine premiums received, . 


1,832,799 


1,808,825 


—23,974 


Marine losses paid, 


1,240,130 


1,371,823 


131,693 


Marine losses incurred, 


1,211,101 


1,286,656 


75,555 



* For details of this business see Table XIII. 



Comparative Ratios of Table F. 



1805. 



"BS9S, 



Increase 

e-r Decrease 

in 1898. 



Fire premiums received to risks written, 
Fire losSes incurred to risks written, 
Fire losses incurred to premiums received, 
Marine premiums received to risks written, 
Marine losses incurred to risks written, . 
Marine losses incurred to premiums received, 




INSURANCE COMMISSIONER. 



XXVll 



Table G. — Fire Risks written, Premiums received and Losses 

incurred in Massachusetts. 



' 


Fire Risks Written. 


Premiums 
Received. 


Losses Incurred. 


Per Cent, of — 


Year. 


Premiums 

Received to 

Risks Written. 


Losses 

Incurred to 

Risks Written. 


1873, . 


$858,393,129 


$10,358,024 


$5,184,364 


1.21 


.60 


1874, . 


655,056,069 


8,253,755 


3,676,063 


1.26 


.56 


1875, . 


597,478,409 


7,232,486 


3,221,943 


1.21 


.54 


1876, . 


528,211,058 


5,974,268 


2,738,180 


1.13 


,52 


1877, . 


585,928,271 


5,998,124 


2,572,185 


1.02 


.44 


1878, . 


558,019,711 


5,506,392 


2,438,121 


.99 


,44 


1879, . 


520,814,369 


5,026,482 


, 2,500,451 


.96 


.48 


1880, . 


609,132,542 


5,479,552 


3,005,273 


.90 


.50 


1881, . 


642,542,633 


5,845,354 


2,884,047 


.91 


.45 


1882, . 


686,030,272 


6,244,053 


4,915,949 


.91 


.72 


1883, . 


710,197,514 


6,896,367 


3,763,949 


.97 


.53 


1884, . 


655,613,160 


7,067,149 


3,865,956 


1.08 


.59 


1885, . 


661,380,951 


7,402,583 


3,132,235 


1.12 


.47 


1886, . 


694,473,662 


7,838,425 


3,369,294 


1.13 


.49 


1887, . 


765,304,046 


8,371,714 


3,136,774 


1.09 


.41 


1888, . 


832,038,483 


8,702,006 


4,444,322 


1.05 


.53 


1889, . 


825,962,689 


8,601,963 


9,284,464 


1.04 


1.12 


1890, . 


871,117,341 


9,039,865 


3,798,502 


1.04 


.44 


1891, . 


863,343,089 


8,719,803 


5,104,694 


1.01 


.59 


1892, . 


960,872,674 


10,006,986 


4,140,396 


1.04 


.43 


1893, . 


1,030,196,564 


10,727,167 


8,329,015 


1.04 


.81 


1894, . 


986,624,142 


10,518,365 


5,182,490 


1.07 


.53 


1895, . 


1,020,680,686 


11,032,012 


4,029,954 


1.08 


.39 


1896, . 


1,063,078,568 


11,248,934 


4,604,717 


1.06 


.43 


Totals, 


$18,182,490,032 


$192,091,829 


$99,373,338 


1.05 


.55 



STATISTICAL TABLES. 



XXX 



REPORT OF THE 



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REPORT OF THE 



Table XIII. — Massachusetts Business for 1896. 
Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums Contingent 
Received. Assets. 


Losses 
Paid. 


Losses 
Incurred. 


Abington, .... 
Annisquam, .... 

Arkwright 

Ashlield, ..... 
Atlas, . . 


$2,065,799 

79,625 

44,136,991 

11,727 

1,505,219 


$29,458 

342,381 

59 
20,687 


$29,458' 

5,139 

1,711,904 

352 


$19,418 

44,321 

9,169 


$16,728 

43,179 

9,169 


Attleborough, 
Barnstable County, 
Berkshire, .... 
Boston Manufacturers', 
Bristol County, 


533,465 

1,805,956 

2,355,590 

51,218,287 

503,875 


3,039 

31,492 

31,477 

378,926 

3,438 


6,393 

94,477 

31,477 

1,894,632 

24,432 


210 

9,344 

19,339 

48,540 

567 


210 
10,594 
21,537 
48,540 

567 


Business Men's, 
Cambridge, .... 

Citizens', .... 
Cohasset, .... 
Continental, .... 


213,350 

5,377,035 

6,319,757 

75,165 

185,878 


1,864 

86,401 

82,472 

1,194 

3,854 


3,728 
86,401 
85,146 

3,581 
11,563 


29,763 

29,633 

1,001 

3,444 


28,764 

31,938 

516 

3,534 


Cotton and Woolen, 
Dedham, ..... 

Dorchester 

Eagle, 

Eastern 


5,508,179 

1,808,261 

8,598,101 

306,186 

480,156 


50,530 

28,387 

134,354 

4,699 

8,810 


252,651 
28,387 

134,354 
14,096 
26,431 


446 

12,540 

74,841 

4,552 

8,553 


446 

13,091 

78,940 

7,426 

8,317 


Essex, 

Fall River Manufacturers', . 
Fitchburg, .... 
Franklin, .... 
Oroveland 


1,106,508 
16,775,496 

5,101,736 
396,124 
310,659 


25,954 

134,350 

73,701 

5,772 


25,954 
671,749 

73,701 

5,772 

21,820 


6,598 

29,880 

50,850 

10,643 

708 


8,783 

29,538 

43,992 

6,510 

1,008 


Hampshire, .... 

Hingham, . 

Holyoke, 

Home Guaranty, . 
Industrial 


1,011,008 
6,314,904 
9,220,582 
1,307,320 
2,864,439 


14,475 
93,029 
138,452 
17,961 
24,573 


14,475 

93,029 
138,452 

17,961 
122,863 


7,109 
40,731 
50,363 

4,376 
87 


7,109 
38,930 
52,663 

4,376 
87 


Lowell, 

Lumber, 

Lynn, 

Merchants' and Farmers', 
Merrimack, .... 


2,361,941 

708,866 

429,472 

5,471,079 

7,802,042 


39,348 

15,226 

5,962 

85,118 

119,142 


39,348 
45,677 
11,924 
85,118 

122,984 


10,592 

5,107 

1,146 

35,009 

31,779 


9,576 

5,107 

1,203 

33,764 

36,210 


Middlesex, .... 

Mutual Fire Assurance, 

Mutual Protection, 

Newburyport, 

Norfolk, ..... 


10,680,866 

1,202,952 

962,899 

211,075 

4,685,633 


161,810 

16,574 

15,457 

2,867 

69,035 


159,865 
17,582 
15,635 
11,659 
69,035 


50,071 

2,343 

2,190 

22 

22,384 


51,461 

4,558 

2,190 

44 

27,559 


Old Colony 

Paper Mill, .... 

Quincy, 

Rubber Manufacturers', 
Salem, 


132,800 
2,876,470 
7,584,477 
4,279,886 
1,517,698 


1,823 

26,292 

113,050 

36,317 

24,250 


5,468 
131,462 
113,050 

181,586 
24,250 


7,266 

1,620 

54,646 

103 

4,674 


14,572 
1,620 

56,552 

103 

7,786 


Salisbury and Amesbury, 

Saugus, 

South Danvers, 
Traders' and Mechanics', 
Western Massachusetts, 


10,150 

1,002,250 

158,270 

9,214,964 

600 


85 

3,224 

143,969 

5 


850 

124,920 

9,672 

143,969 

15 


11 

5,037 

341 

69,273 

596 


11 

5,037 

341 

67,656 


Westford, .... 
West Newbury, 
Worcester Manufacturers', . 
Worcester Mutual, 


62,225 

245,085 

17,724,439 

10,091,233 


437 

140,954 
137,813 


25,541 

704,768 
144,901 


2,702 
41 ,682 
43,067 


2,902 
42,135 
38,614 


Totals, .... 


$266,914,750 


$2,930,547 


$7,819,657 


$908,687 


$925,493 



INSURANCE COMMISSIONER. 



lxi 



Table XIII. — Massachusetts Business for 1896 — Continued. 

Massachusetts Mutual Fire-Marine Companies. 
Fire Business. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Looses 
Paid. 


Losses 
Incurred. 




$1,540,561 


$18,698 $6,880 


$6,856 



Marine Business. 





$18,376,431 


$376,057 


$258,809 
126 


$258,809 




$18,376,431 


$376,057 


$258,935 


$258,809 



Massachusetts Stock Companies. 
Fire Business. 



American 

Boston Marine, 

Firemen's Fire, 

Mercantile Fire and Marine, .... 

North American 

Springfield Fire and Marine, 


$4,892,588 

2,960,157 

7,841,569 

8,011,718 

12,980,636 

16,271,194 


$41,940 

27,6:« 

64,863 

69.192 

106,146 

170,870 


$16,900 
6,470 
17,737 
18,444 
56,684 
67,400 


$20,632 
9,150 
18,622 
23.726 
56,173 
72,236 




$52,957,862 


$480,644 


$183,635 


$200,539 



Marine Business. 



Boston Marine, 

Mercantile Fire and Marine, 

Totals, . 



$31,594,187 
5,000 



$31,599,187 



,018 
200 



$486,218 



$581,353 



$581,353 



$533,538 



$533,538 



lxii 



REPORT OF THE 



Table XIII. — Massachusetts Business for 1896 — Continued. 

Companies of Other States. 
Fire Business. 





Risks 


Premiums 


Losses 


Losses 


name of company. 












Written. 


Received. 


Paid. 


Incurred. 


JEtna, 


$28,418,582 


$289,478 


$137,089 


$132,473 


Agricultural 


10,431,600 


91,798 


39,164 


30.812 


Albany 


1,548,072 


16,041 


5,868 


7,330 


American, 


2,760,119 


25,151 


10,674 


10,546 


American Central, 


1,696,715 


21,765 


7,166 


7,468 


American Fire (New York), . . . 


6,427,105 


81,109 


32,192 


35,303 


American Fire (Philadelphia), . 


7,524,387 


88.014 


42,184 


47,105 


Armenia, 


2,090,472 


22,143 


5,077 


7,361 


Assurance Lloyds, 


1,250,317 


14,667 


8,978 


8,999 


Atlantic Mutual, 


- 


- 


- 


- 


Buffalo German, 


2,284,406 


24,180 


6.516 


5,778 


Capital Fire, 


3,838,731 


51,012 


18,032 


18,n54 


Citizens' (New York), 


2,438,131 


27,063 


6,846 


6,845 


Citizens' (St. Louis), 


660,837 


7,820 


4,893 


5,184 


Colonial Assurance, 


1,311,780 


14,946 


1,245 


3,067 


Commerce, 


1,192,533 


12,753 


6,372 


5,793 


Commercial Union, 


656,543 


5,927 


757 


7*0 


Commonwealth, ...... 


2,908,817 


16,194 


6,277 


6,297 


Concordia, 


503,400 


5,308 


3,950 


4,350 


Connecticut Fire, 


9,283,300 


109,545 


62,597 


63,537 


Continental, 


12,928,987 


158,375 


62,213 


61,676 


Delaware 


5,158,703 


58,861 


31,062 


34,858 


Detroit Fire and Marine, .... 


940,407 


8,173 


2,763 


3,002 


Eastern, 


1,000,436 


7,102 


3,397 


3,397 


Equitable Fire and Marine 


5,017,380 


50,733 


17,913 


18,977 


Empire City, 


187,342 


1,225 


996 


- 


Farragut Fire, 


244,102 


3,311 


537 


537 


Fire Association of Philadelphia, 


15,706,975 


194,989 


96,783 


97,868 


Fire Insurance Co., County of Phila., . . 


1,239,807 


13,895 


4,573 


5,657 


Firemen's Fund 


8,881,356 


95,010 


45,030 


44,458 


Firemen's (Baltimore), .... 


233,550 


2,916 


_ 


_ 


Firemen's (Newark) 


3,111,301 


32,959 


10,011 


10.575 


Franklin Fire, 


2,437,750 


25,255 


15,073 


17,254 


G-erman American, 


16,357,454 


172,986 


67,965 


63,085 


German Fire, 


234,277 


3,071 


- 


10 


Germania Fire, 


4,324,149 


41,835 


10,040 


12,463 


Girard Fire and Marine, .... 


2,090,258 


24,849 


9,145 


9.614 


Glen's Falls 


4,339,762 


40,235 


18,528 


18,315 


Globe Fire, 


4,158,654 


37,439 


6,239 


11.116 


Granite State, 


6,062,790 


77,525 


35,003 


31,790 


Greenwich, . . . . 


5.623,514 


52,007 


38,267 


43,637 


Hanover Fire, 


10,271,969 


121,438 


66,962 


71,418 


Hartford Fire, . . 


19,796,395 


234,579 


96,388 


96,348 


Home, 


46,863,153 


330,442 


116,843 


120,644 


Howard Fire 


- 


- 


- 


- 


Insurance Co. of North America, 


18,311,961 


218,589 


114.190 


116,027 


Insurance Co , State of Pennsylvania, 


4,074,660 


44,710 


18,391 


19,^36 


Lumbermen's, ...... 


1,185,733 


12,337 


8,619 


8,704 


Manufacturers' and Merchants', . 


603,325 


6,659 


251 


534 


Mechanics' 


1,309,270 


16,918 


9,785 


12,285 


Merchants' (Newark), 


8,841,236 


76,526 


44,027 


46,765 


Merchants' (Providence) 


4,389,712 


43,827 


17,789 


20,451 


Michigan Fire and Marine 


- 




- 


- 


Middlesex Mutual, 


1,814,888 


18,894 


14,6-8 


19,994 


Millers' and Manufacturers', 


655,823 


10,756 


1,513 


1,788 



INSURANCE COMMISSIONER. 



Ixiii 



Table XIII. — Massachusetts Business for 1896 — Continued. 

Companies of Other States — Concluded. 
Fire Business — Concluded. 





Risks 


Premiums 


Losses 


Losses 


NAME of company. 


Written. 


Received. 


Paid. 


Incurred. 


Milwaukee Mechanics' 


$862,367 


$7,366 


$3,292 


$1,824 


Mutual Fire, 


3,858,250 


44,376 


17,615 


19.340 


National 


16,667,844 


166,678 


65,149 


76,072 


National Standard, 


1,508,470 


15,230 


3,494 


4,756 


Newark Fire, 


912,261 


10,861 


7,474 


7,467 


New Hampshire Fire, 


18,081,668 


189,699 


98,296 


100,906 


New York Fire, 


1,330,701 


8,152 


2,001 


2,194 


Niagara Fire, 


10,339,811 


123,590 


51,880 


63,571 


Northwestern National, .... 


3,230,206 


30,042 


15,900 


17,956 


Norwalk Fire, 


1,800,195 


20,764 


3,792 


5,013 


Norwood 


_ 


28,833 


9,027 


11,994 


Orient, 


8,371,425 


81,875 


54,442 


59,183 


Pacific Fire 


1,645,499 


20,193 


15,522 


14,126 


Pennsylvania Fire, 


8,813,756 


121,698 


60,926 


65,665 


Phenix, 


19,220,289 


186,631 


71,108 


76,440 


Phoenix, 


11,930,111 


135,447 


56,641 


55,448 


Providence "Washington, .... 


8,550,664 


84,427 


63,283 


68,492 


Queen of America, 


11,898,391 


120,430 


62,621 


64,235 


Reading Fire, 


3,486,723 


38,152 


23,332 


20,696 


Reliance, 


1,806,576 


14,787 


10,714 


9,610 


Rochester German, 


3,717,874 


46,742 


12,394 


13,642 


Rutgers, 


733,553 


7,570 


3,398 


3,299 


Schuylkill Fire, 


1,892,355 


22,720 


189 


964 


Security, 


4.122,090 


45,644 


25,560 


27,029 


Spring Garden, 


8,364,234 


72,203 


34,164 


33,541 


St. Paul Fire and Marine 


4,795,297 


47,698 


22,052 


22.402 


Teutonia 


1,047,393 


11,277 


3,892 


3,892 


Traders', 


1,061,828 


11,956 


47 


147 


Union 


3,498,533 


33,614 


11,524 


11.871 


United Firemen's,. 


2,055,314 


26,000 


10,012 


12,211 


United States Fire, 


2,831,522 


24,832 


11,095 


10,557 


United States Lloyds 


- 


- 


- 


- 


Victoria Fire, 


366,023 


3,083 


1,399 


1,423 


"Westchester Fire, 


7,369.350 


81,599 


34,773 


34,937 


"Western, 


688,861 


9,200 


5,550 


5,551 


Williamsburgh City 


3,020,673 


28,347 


10,547 


13,160 


Totals, 


$485,503,033 


$5,085,066 


$2,273,906 


$2,369,879 



Marine Business. 



Atlantic Mutual, 

Fireman's Fund, 

Home 

Insurance Company of North America, 
Providence Washington, 

St. Paul Fire and Marine, 

United States Lloyds, .... 

Totals 



$15,696,327 

85,454 

160,000 

34,046,010 

4,797,783 

671,046 
4,568,287 



),024,907 



$96,253 

148 

1,860 

161,196 

39,497 

17,286 
11,714 



$327,954 



$49,404 



50,613 
11,047 

9,690 
7,593 



$128,347 



£50,613 
14,373 

10,056 
5,722 

580,764 



lxiv 



REPORT OF THE 



Table XIII. — Massachusetts Business for 1896 — Continued. 

United States Branches, Foreign Companies. 
Fire Business. 





Risks 


Premiums 


Losses 


Losses 


name of company. 












Written. 


Received. 


Paid. 


Incurred. 


Atlas Assurance, 


$5,836,657 


$64,847 


$19,812 


$21,739 


British America, 


3,367,041 


44,216 


14,799 


18,289 


Caledonian, 


6,016,370 


74,438 


36,208 


38,791 


Commercial Union, 


12,722,399 


152,543 


85,841 


80,407 


Hamburg-Bremen, 


3,481,708 


34,599 


5,255 


8,055 


Helvetia Swiss 


1,435,250 


14,722 


602 


652 


Imperial, 


9,713,812 


110,295 


76,582 


80,801 


Lancashire, 


8,156,049 


90,600 


46,547 


47,591 


Lion Fire 


. 5,183,428 


40,194 


18,320 


19,657 


Liverpool and London and Globe, 


33,038,281 


358,439 


172,303 


169,423 


London Assurance, 


7,898,348 


79,055 


39,936 


40,636 


London and Lancashire, .... 


11,231,800 


111,056 


41,314 


43,259 


Magdeburg Fire, 


739,175 


• 7,380 


- 


- 


Manchester Assurance, 


8,282,452 


92,570 


44,292 


48,773 


National of Ireland 


- 


- 


- 


- 


North British and Mercantile, 


13,392,333 


150,621 


60,073 


74,030 


Northern Assurance, 


9,492,776 


88,548 


41,550 


44,772 


Norwich Union, .... . . 


10,222,964 


108,446 


55,591 


61,757 


Palatine, 


13,007,863 


155,436 


59,737 


67,344 


Phoenix Assurance, 


10,689,365 


130,973 


68,894 


65,419 


Prussian National, 


1,155,825 


13,668 


2,303 


2,904 


Royal 


31,546,931 


359,626 


175,201 


186,806 


Royal Exchange, ...... 


1,676,763 


17,226 


2,775 


3,400 


Scottish Union and National, 


16,687,475 


133.734 


28,547 


42,627 


Sun 


16,974,362 


146,417 


94,098 


80,010 


Svea Fire and Life, 


2,982,523 


27,050 


3,307 


4,494 


Thuringia, 


610,250 


7,128 


- 


54 


Union Society, 


4,952,621 


45,347 


6,526 


6,579 


Western Assurance, 


5,667,531 


74,805 


32,196 


39,978 




$256,162,352 


$2,733,979 


$1,232,609 


$1,298,247 



Marine Business. 



British and Foreign Marine, 
London Assurance, 
Mannheim, ... 
Marine of London, 
Reliance Marine, . 



Thames and Mersey Marine, 
Union Marine, 
Western Assurance, 



Totals, 



$135,461,679 

5,509,082 

3,581,042 

60,265,666 

850,563 

1,056,863 

6,191,281 

505,104 



$213,421,280 



$529,958 

15,780 

12,869 

31,650 

6,433 

4,826 

5,494 

11,586 



$618,596 



$74,018 

4,567 

6,319 

6,847 

218 

445 

618 
10,156 



$403,188 



$385,241 
5,342 
5,865 
6,847 



445 
9,805 



$413,545 



Recapitulation. 
Fire Business. 



Massachusetts mutual fire companies, 
Massachusetts mutual fire-marine com 

panies, 

Massachusetts joint stock companies, . 
Companies of other States, . 
United States branches, 

Totals 



$266,914,750 

1,540,561 

52,957,862 

485,503,033 

256,162,352 



$1,063,078,558 



$2,930,547 

18,698 

480,644 

5,085,066 

2,733,979 



$11,248,934 



$908,687 

6,880 

183,635 

2,273,906 

1,231,609 



$4,604,717 



$925,493 

6,856 

200,539 

2,369,879 

1,298,247 



$4,801,014 



INSURANCE COMMISSIONER. 



Ixv 



Table XIII. — Massachusetts Business for 1896 — Concluded. 

Recapitulation — Concluded. 
Marine Business. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Massachusetts mutual marine companies, . 
Massachusetts joint-stock companies, . 
Companies of other States, .... 
United States branches, .... 


$18,376,431 
31,599,187 
60,024,907 

213,421,280 


$376,057 
486,218 
327,954 
618,596 


$258,935 
581,353 
128,347 
403,188 


$258,809 

533,538 

80,764 

413,545 






$1,808,825 


$1,371,823 


$1,286,656 



Table XIV. — Statement of the Receipts and Expenditures of the 
Insurance Department for the Year ending Dec. 31, 1896. 

[Made pursuant to chapter 522, section 17,. Acts of 1894.] 

Receipts. 



Compensation for valuation of life insurance policies, . 
License fees, filing statements, certificates, etc., 



,778 20 
40,110 U0 



$58,888 20 



Expenditures. 



Commissioner. 
George S. Merrill, salary, 

Deputy Commtssionee. 
Fred'k L. Cutting, salary, 

Actuary. 
Emma W. Cushman, 

Examiner. 
Frank H. Hardison, salary from July 16, . 

Clerks. 

Arthur E. Linnell, first, from April 1, 
Henry M. Billings (resigned), first, to March 31, 
William F. Richardson, second, from April 1, . 
William H. Brown, third, from April 1, 



Amount carried forward, 




$3,500 00 

2,500 00 

2,000 00 

919 36 



4,700 00 



$13,619 36 



lxvi 



RErORT OF THE INSURANCE COMMISSIONER. 



Table XIV. — Statement of the Receipts, etc. — Concluded. 



Amount brought forward, 

Extra Clerks 
A. M. Hawes, 
C. E. Weis, . 
M. E. Burrill, 
S. E. Flint, . 

E. L. Johnson, 

F. M. Page, . 

F. M. Robbins, 
M. F. Whipple, 

G. C. Studley, 
G. M. Hall, . 
V. I. Bryant, 
M. L. McMann, 

F. E. Gowell, 

G. L. Moore, 
L. H. Young, 
C. L. Sawyer, 
I. L. Baker, . 
L. E. Brickett, 
J. S. Davis, . 
G. H. Manks, 
Emma G. Stevens 
Mary H. Dyer, 
Lillian W. Whipple, 
Win, H. Brown, from March 9, 



Expenses. 
Printing and binding, . 

Postage, 

Travelling expenses, . 
Stationery and supplies, 
Express, telegrams and telephones, 
Stenographic work, etc , 
Books, newspapers, etc., 



Total expenditures for 1896, 
Fees collected and paid into State treasury, 

Surplus accrued to Commonwealth, . 



51,200 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

1,000 00 

900 00 

900 00 

900 00 

840 00 

840 00 

840 00 

840 00 

840 00 

840 00 

710 00 

630 00 

480 00 

464 52 

450 00 

70 00 

61 84 



.,715 97 
917 36 
361 61 
160 38 
279 71 
208 24 
207 97 



$13,619 36 



18,806 36 



3,851 24 



$36,276 96 
58,888 20 



$22,611 24 



MASSACHUSETTS MUTUAL 

FIRE INSURANCE COMPANIES 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1896. 



ABINGTON MUTUAL FIRE INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, 

ABINGTON. 

[Incorporated May 30, 1856. Commenced DUBiness June 15, 1857.] 
HENRY B. PEIRCE, President. CARLOS P. FAUNCE, Secretary. 

Amount of permanent fund, . . . . . . . $41,728 54 



Detailed Statement of Stocks, 



N. E. Telephone and Telegraph Co. bonds, 

Boston United Gas Co bonds, . 

Marion County (Ind.) bonds, . 

Ramsey County (Minn.) bonds, 

Equitable Securities Co. debenture bonds 

Toledo (Ohio) city bonds, 

Lincoln (Neb.) city bonds, 

St. Paul (Minn.) public park bonds, 

Portland & Ogdensburg Railroad bonds, 

Naumkeag Street Railway bonds, . 

East Middlesex Street Railway bonds, 

Trenton Passenger Railway bonds, . 

20 shares Oregon Railway & Navigation Co., 

10 

10 

14 

5 
20 
13 

5 
14 
21 



State National Bank, Boston, . 
Nat'l Hide and Leather Bank, Boston 
Metropolitan National Bank, Boston. 
Old Boston National Bank, Boston, 
South End National Bank, Boston, 
Abington National Bank, Abington, 
Whitman National Bank, Whitman, 
First National Bank, Salem, . . 
First National Bank, Danvers, . 



Rockland & Abington Street Railway, 

Securities held as collateral for cash loans : — 
Rockland & Abington Street Railway stock, 



Bonds, etc. 

Par Value. 

$1,000 00 
2,000 00 
1,000 00 
3,000 00 
1,030 00 
1,000 00 
2,000 00 
1,000 00 
5,000 00 
3,000 00 
1,000 00 
2,000 00 
2,000 00 
1,000 00 
1,000 00 
1,400 00 

500 00 
2,000 00 
1,300 00 

500 00 
1,400 00 
1,575 00 
1,000 00 



Market Value. 

$1,035 00 
1,680 00 
1,017 50 
3,127 50 

927 00 
1,100 00 
2,000 00 
1,160 00 
5,300 00 
3,000 00 
1,010 00 
2,220 00 

300 00 

1.082 50 

1.083 75 
1,260 00 

530 00 
1,300 00 
1,560 00 

510 00 
1,249 50 
1,533 00 
1,110 00 



$36,705 00 $35,095 75 



Market Value. Loaned Thereon. 

$565 00 $300 00 



ABINGTON MUTUAL FIRE INSURANCE CO. 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $4,000 00 
Loans on mortgage of real estate (first liens*), 30,780 00 

Interest due or accrued thereon, . . . 542 76 

Stocks, bonds, etc., as per schedule, . . 35,095 75 

Loans on collateral security, as per schedule, . 300 00 

Loans on personal security, .... 300 00 

Cash in the office of the company, . . . 212 31 

Cash deposited in bank, 275 75 

Interest due and accrued, 433 18 

Premiums in course of collection (gross), . 1,597 60 

Rents due and accrued, 24 00 

Balance due on real estate sold, ... . 2,911 15 

Salvage 150 00 

Gross assets, 



$76,622 50 



Liabilities. 
Losses adjusted, unpaid, . . . . 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, .... 
Gross liabilities, 



$650 00 

1,113 10 

53,430 98 

723 39 

215 75 

378 77 



Net cash assets, 



56,511 99 

v . ■ - 

$20,110 51 



Income. 

Premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Gross cash income, . 



$2,012 75 
31,925 48 

$33,938 23 
1,597 60 

$32,340 63 
1,788 93 



sources, 



$30,551 70 

344 52 

1,899 24 

1,940 86 

125 00 

174 86 

$35,036 18 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$14,317 00 
42,483 00 
36,850 00 



ANNISQUAM MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for rents and incidentals, 

Gross cash expenditures, . 



$25,046 14 

10,659 21 

4,738 71 

2,837 74 

464 30 

1,859 94 

$45,606 04 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1895, $8,335,596 00 $124,805 97 
Risks written during 1896, . 2,233,734 00 31,925 48 



Total, $10,569,330 00 $156,73145 

Risks terminated during 1896, 2,870,708 00 40,946 66 



In force at end of year, 
/Deduct amount reinsured, 

Net amount in force, . 



. $7,698,622 00 $115,784 79 
121,407 00 1,706 73 



Conting't Prem's. 

$124,805 97 

31,925 48 

$156,731 45 

40,946 66 

$115,784 79 

1,706 73 



',577,215 00 $114,078 06 $114,078 06 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1896, 15, 25 and 40 percent. 



$16,781 00 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, 

GLOUCESTER. 

[Incorporated March 1, 1847. Commenced business Dec. 28, 1847.] 

ELIAS DAVIS, President. JAMES S. JEWETT, Secretary. 

[Note. — This company charges a ca6h premium adequate for expenses only, and relies upon 
assessments on deposit notes to pay losses.] 

Detailed Statement of Stocks, Bonds, etc. 

Par Value, Market Value. 

United States bonds, $500 00 $555 37 



Summary of Assets Dec. 31, 1896. 

Loans on mortgage of real estate (first liens *), $2,813 94 

Interest due or accrued thereon, ... 77 20 

Stocks, bonds, etc., as per schedule, . . 555 37 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$2,900 00 
5,500 00 
4,263 00 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Office safe, . . . 

Gross assets, .... 



$19 85 

4,607 49 

5 00 



$85 00 



Liabilities. 

Return assessments on cancelled policies, 
Gross liabilities, .... 



$83 09 



Net cash assets, 



Income. 

Cash received from assessments, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



Gross cash income, 



Expenditures. 

Cash paid for salaries of officers and employees, . ... 
for State and local taxes, . . 
for rent and incidentals, 

Gross cash expenditures, 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1895, . . . $326,705 00 
Risks written during 1896, .... 79,625 00 



5,078 85 



83 09 



r ,995 76 



$247 80 

213 12 

20 00 

$480 92 



$350 00 


2 09 


19 40 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



$406,330 00 
79,825 00 



$371 49 



Conting't Prem's. 

$21,038 45 
5,138 75 

$26,177 20 
5,114 75 



$326,505 00 $21,062 45 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON 

[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.] 
R. W. TOPPAN, President. D. W. BARTLETT, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. 

United States bonds, $25,000 00 



Cambridge city bonds, 
Boston city bonds, 
Providence city bonds, 
Waltham city bonds, 
Lowell city bonds, 



15,000 00 
20,000 00 
20,000 00 
10,000 00 
20,000 00 



Market Value. 

$27,750 00 
15,900 00 
22,433 00 
21,050 00 
10,450 00 
21,550 00 



6 



ARKWRIGHT MUTUAL FIRE INSURANCE CO. 



Springfield city bonds, 
Worcester city bonds, 
Fitchburg Railroad bonds, 
Eastern Railroad bonds, . 
Old Colony Railroad bonds, 
Boston & Lowell Railroad bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Boston & Maine Railroad bonds, 
Philadelphia, Wilm. & Baltimore R.R. bonds, . 
New York, Providence & Boston R.R. bonds, . 
Boston & Providence Railroad bonds, 
Lake Shore & Michigan Southern R.R. bonds, 
Pennsylvania Company Railroad bonds, . 
Chicago June R.R. & Union St'k Y'ds bonds, . 
50 shares Chicago, Burlington & Quincy R.R., 
New York, New Haven & Hartford notes, 



Par Value. 

$20,000 00 
25,000 00 
10,000 00 
35,000 00 
47,000 00 
55,000 00 
50,000 00 
20,000 00 
20,000 00 
10,000 00 
20,000 00 
30,000 00 
30,000 00 
25,000 00 
5,000 00 

100,000 00 



Market Value. 

$20,400 00 
25,000 00 
10,050 00 
41,300 00 
49,070 00 
58,850 00 
53,200 00 
21,000 00 
22,000 00 
10,000 00 
21,000 00 
35,400 00 
32,550 00 
27,125 00 
3,500 00 

100,000 00 



112,000 00 $649,578 00 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, 
All other cash loans, 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



31, 1896. 

$649,578 00 

4,333 40 

431 15 

106,307 58 

10,220 79 

4,126 78 



$774,997 70 



Liabilities. 

Losses claimed and reported, .... $4,791 92 

Unearned premiums on outstanding risks, . 364,316 23 

State and local taxes, , 1,281 72 

Gross liabilities, ....... 



370,389 87 



Net cash assets, $404,607 83 



Income. 

Premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 



Total, . . . . . 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Interest and dividends received from all sources, . 

Gross cash income, 



$2,946 58 
766,900 02 

$769,846 60 
4,126 78 

$765,719 82 
32,878 88 



$732,840 94 
26,424 63 

$759,265 57 



ASHFIELD MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, . 

for rents, 

for inspections, .... 
for incidentals, 

Gross cash expenditures, 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding; Dec. 31, 1895, $92,017,394 00 $735,006 19 
Risks written during 1896, . 97,570,704 00 766,900 02 



Total, .... $189,588,098 00 $1,501,906 21 
Risks terminated during 1896, 96,699,921 00 773,273 74 



$176,038 65 

479,362 42 

24,942 50 

7,228 27 

1,687 80 

13,802 64 

4,902 12 

$707,964 40 



Conting't Prem's. 

$3,675,030 95 
3,834,500 10 

$7,509,531 05 
3,866,368 70 



In force at end of year, . $92,888,177 00 $728,632 47 f 3,643,162 35 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1896, 64^ per cent. 



$54,833 00 



ASHFIELD MUTUAL FIRE INSURANCE COMPANY, ASHFIELD. 

[Incorporated June 4, 1873. Commenced business July 19, 1873.] 

CHARLES HOWES, President. HENRY S. RANNEY, Secretary. 

[Note. — This company insures property in the town of Ashfield only.] 



Summary of Assets Dec. 31, 1896. 
Cash deposited in bank, 



Gross assets, 



Income. 

Cash premiums received, 

Interest and dividends received from all sources, . 



Gross cash income, 
Incidental expenses, . 



Expenditures. 



$657 20 
$657 20 

$58 65 
23 24 

$81 89 
$2 46 



8 



ATLAS MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 



Risks outstanding Dec. 31, 1895, 
Risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



Amount. Conting't Prem's. 

,713 00 $1,550 63 
11,726 00 351 80 



$55,089 00 



$62,439 00 $1,902 43 
7,350 00 220 50 



,681 93 



ATLAS MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated February, 1892. Commenced business June 15, 1892.] 
JOHN" A. PRAY, President. ARTHUR F. JONES, Secretary. 

Office, 2 Mason Building. 



Amount of permanent fund Dec. 31, 1895, 
Increase during the year, .... 



Permanent fund Dec. 31, 1896, 

Detailed Statement of Stocks, Bonds, etc. 

Tar Value. 

United States bonds, $50,000 00 

Massachusetts State bonds, .... 25,000 00 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, 
Premiums in course of collection (gross), 
Gross assets, 



$75,000 00 

31, 1896. 

$85,375 00 

318 82 

15,241 36 

1,351 33 

24,032 70 



$10,000 00 
15,000 00 

$25,000 00 



Market Value. 

$60,000 00 
25,375 00 

$85,375 00 



$126,319 21 



Liabilities. 

Losses claimed and reported, .... $10,674 71 

Unearned premiums on outstanding risks, . 70,603 55 

Return premiums on cancelled policies, . . 687 64 

Profits or surplus on terminated policies, unpaid, 4,576 84 

Commissions and brokerage, . . . . 4,986 40 

Gross liabilities, . . . . . 



91,529 14 



Net cash assets, 



$34,790 07 



ATLAS MUTUAL FIRE INSURANCE CO. 



Income. 



Premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, 



),992 57 
175,572 82 

$236,565 39 
24,032 70 



$212,532 69 
56,564 78 



$155,967 91 

3,783 03 
Received from other companies on account of excess losses, 13,610 04 



Gross cash income, . $173,360 98 



Expenditures. 

Cash paid for losses, $150,335 26 

Deduct salvage and reinsurance, . . . 6,557 61 

Net cash paid for losses, 

Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, . 
for State and local taxes, 

Gross cash expenditures, 



|143,777 65 

14,455 52 

50,303 00 

7,945 84 

4,772 52 

$221,254 53 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $17,486,782 00 $234,583 75 $703,751 25 

Risks written during 1896, . 12,280,742 00 175,572 82 526,718 46 



Total $29,767,524 00 

Risks terminated during 1896, 20,042,210 00 



$410,156 57 $1,230,469 71 
268,596 27 805,788 81 



In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



>,725,314 00 
32,000 00 



$141,560 30 $424,680 90 
350 73 1,052 19 



>,693,314 00 $141,209 57 $423,628 71 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1896, 10 per cent. 



$114,675 00 



10 



ATTLEBOROUGH MUTUAL FIRE INSURANCE CO. 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

[Incorporated Feb. 24, 1844. Commenced business July, 1845.] 
EVERETT S. C APRON, President. ELIJAH R. READ, Secretary. 



Amount of permanent fund Dec. 31, 1895, 
Increase during the year, .... 

Permanent fund Dec. 31, 1896, . 



,550 59 
350 76 



,901 35 



Summary of Assets Dec. 31, 1896. 

Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Attleborough town loan, . 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, . . . ... 



$20,092 00 


231 


66 


6,000 


00 


50 


39 


5,233 


65 


120 


00 


148 


25 



1,875 95 



Liabilities. 

Unearned premiums on outstanding risks, 



6,496 75 



Net cash assets, 



$25,379 20 



Income. 

Premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Gross cash income, . 



$47 20 
3,196 53 



$3,243 


73 


148 


25 


$3,095 48 


74 


52 



sources, 



53,020 96 

18 41 

1,054 13 

120 00 

H,213 50 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$12,600 00 
30,400 00 
24,250 00 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



11 



Expenditures. 

Cash paid for losses, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



Gross cash expenditures, . 



$210 06 


682 


00 


27 


15 


78 


35 



$997 56 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1895, $2,092,296 00 
Risks written during 1896, . 533,465 00 



Total, 

Risks terminated daring 1896, 



1,625,761 00 
493,906 00 



Cash Prem's. Conting't Prem's. 

$11,549 11 $23,098 22 
3,196 53 6,393 06 



,745 64 $29,491 28 
2,488 62 4,977 24 



In force at end of year, . . $2,131,855 00 $12,257 02 $24,514 04 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY, 

YARMOUTHPORT. 

[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.] 
SIMEON ATWOOD, President. FRANK THACHER, Secretary. 

Amount of permanent fund, . . . . . . . $57,365 80 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

13 shares Winthrop National Bank, Boston, . . $1,300 00 $1,703 00 

20 " State National Bank, Boston, . . 2,000 00 2,165 00 

13 " Tremont National Bank, Boston, . 1,300 00 1,066 00 

10 " Massachusetts Nat'l Bank, Boston, . 1,000 00 805 00 

8 " Shawmut National Bank, Boston, . 800 00 900 00 

5 " Nat'l Bank of the Republic, Boston, 500 00 692 50 

15 " Nat'l Bank of Redemption, Boston, . 1,500 00 1,725 00 

30 " First National Bank, Yarmouth, . 3,000 00 3,600 00 

10 " First National Bank, Hyannis, . . 1,000 00 1,125 00 

10 " Falmouth National Bank, . . 1,000 00 1,100 00 

50 " Massachusetts Real Estate Co., . ( 5,000 00 700 00 

63 " Old Colony Railroad, . . . 6,300 00 11,056 50 

49 " Union Pacific Railroad, . . , 4,900 00 450 00 

8 " Central Pacific Railroad, . . 650 00 150 00 

National Tube Works Co. stock, . . . 9,900 00 8,412 50 

Fall River city bonds 1,000 00 1,150 00 

Old Colony Railroad bonds, .... 5,000 00 5,050 00 



12 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE CO. 



Boston & Maine Railroad bonds, 
Fitchburg Railroad bonds, 
Iowa Falls & Sioux City Railroad bonds, 
Chicago & E. Illinois Railroad bonds, 
Oregon Short Line Railroad bonds, . 
Illinois Steel Company bonds, . 
Farm mortgage bonds, . 



Par Value. 

$12,000 00 
5,000 00 
2,000 00 
2,500 00 
1,000 00 
1,000 00 
800 00 

$70,450 00 



Market Value. 

$12,555 00 

5,107 50 

2,540 00 

2,880 00 

645 00 

800 00 

800 00 

$67,178 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $2,000 00 

Loans on mortgage of real estate (first liens *), 700 00 

Stocks, bonds, etc., as per schedule, . . 67,178 00 

Loans on personal security, .... 6,803 50 

Cash in the office of the company, . . . 687 08 

Cash deposited in bank, 6,490 94 

Gross assets, 



53,859 52 



Liabilities. 

Losses adjusted, unpaid, ..... $1,250 00 

Unearned premiums on outstanding risks, . 44,778 63 

State and local taxes, 45 73 

Gross liabilities, 



46,074 36 



Net cash assets, 



17,785 16 



Income. 
Cash premiums received, ..... 
Received for extra premiums, .... 
Interest and dividends received from all sources, 



$31,492 32 
1,063 32 
3,254 50 



Gross cash income, $35,810 14 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, 



$9,344 34 

20,838 88 

5,514 40 

335 64 

395 45 



Gross cash expenditures, $36,428 71 

* Value of lands mortgaged $100 00 

Value of buildings thereon 900 00 

Amount of insurance held as collateral, 700 00 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



13 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $7,280,492 00 $124,864 81 $374,594 43 

Risks written during 1896, . 1,805,956 00 31,492 32 94,476 96 



Total, $9,086,448 00 $156,357 13 $469,071 39 

Risks terminated during 1896, 1,721,692 00 29,769 90 89,309 70 



In force at end of year, 



r ,364,756 00 $126,587 23 $379,761 69 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1896, 70 per cent. 



$10,594 00 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, 

PITTSFIELD. 

[Incorporated March, 1835. Commenced business August, 1835.] 
FRANK W. HINSDALE, President. JOHN M. STEVENSON, Secretary. 



Amount of permanent fund, 



$57,271 91 



Detailed Statement of Stocks, 

Western Union Telegraph Co. bonds, 

Chicago & Western Indiana Railroad bonds, . 

Baltimore & Ohio Railroad bonds, . 

St. Paul & Sioux City Railroad bonds, 

110 shares Boston & Albany Railroad, 

119 

50 

19 
100 

55 

10 

12 

15 

16 

10 
4 



N. Y. Cent. & Hudson River R.R., 
Chicago, Burlington & Quincy R R., 
New Hampshire Trust Co , 
Adams Express Co., 
Pittsfield National Bank, Pittsfield, 
Agricultural NatU Bank, Pittsfield, 
Third National Bank, Pittsfield, 
First National Bank, Adams, . 
Adams Nat'l Bank, North Adams, 
Lenox National Bank, Lenox, 
Lee National Bank, 



Pittsfield Electric Street Railway Co., 



Bonds, etc. 

Par Value. 

$5,000 00 
5,000 00 
2,000 00 
1,000 00 

10,000 00 

11,900 00 
5,000 00 
1,900 00 

10,000 00 
5,500 00 
1,000 00 
1,200 00 
1,500 00 
1,600 00 
1,000 00 
400 00 
2,500 00 



Market Value. 

$5,390 00 
5,850 00 
2,000 00 
1,300 00 

21,000 00 

11,305 00 

3,650 00 

950 00 

15,200 00 
8,525 00 
2,600 00 
2,520 00 
1,950 00 
2,080 00 
1,400 00 
700 00 
2,500 00 



$66,500 00 $88,920 00 



14 



BERKSHIRE MUTUAL FIRE INSURANCE CO. 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 

Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid, 
Due and accrued for rent, salaries, etc., 
Due for borrowed money, 
State and local taxes, 
Commissions and brokerage, 
Gross liabilities, . 



;. 31, 1896. 




$12,000 00 




88,920 00 




2,000 00 




1,284 39 




205 78 




157 52 




2,355 89 




100 00 






$107,023 58 




$2,197 50 




63,495 03 




11 06 




d, 1,188 87 




75 00 




5,000 00 




54 94 




285 65 






72,308 05 





Net cash assets, 



,715 53 



Income. 

Premiums outstanding Dec. 31, 1895, . . $ 1,295 91 

Premiums on risks written or renewed, . . 31,477 02 

Total, $32,772 93 

Premiums now in course of collection, . . 2,355 89 

Entire premiums collected, .... $30,417 04 
Less reinsurance and return premiums, . . 1,162 21 

Net cash premiums received, .... 

Received for extra premiums, 

Interest and dividends received from all sources, . 

Income from rents, 



$29,254 83 

415 39 

4,001 17 

955 11 



Gross cash income, . . $34,626 50 



Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, 

Net cash paid for losses, . , . 

Cash paid as profits on terminated policies, . 

Cash paid for commissions and brokerage, 



$20,839 40 
1,500 00 



$19,339 40 

15,782 63 

3,841 25 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 15 



Cash paid for salaries of officers and employees, 
for State and local taxes, 
for rents and incidentals, 

Gross cash expenditures, .... 

Risks and Premiums. 



$3,189 00 

410 09 

1,791 37 

$44,353 74 



Risks outstanding Dec. 31, 1895 
Risks written during 1896, 

Total, 

Risks terminated during 1896 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Amount. Cash Prem's. Conting't Prem's. 

59,249,027 00 $127,854 00 $127,731 74 
2,355,590 00 31,477 02 31,477 02 



$11,604,617 00 $159,331 02 $159,208 76 
2,320,640 00 29,752 76 29,630 50 



1,283,977 00 $129,578 26 $129,578 26 
22,650 00 208 27 208 27 



Miscellaneous. 

Losses incurred during the year, . . . 

Profits or surplus returned during 1896, 25, 40 and 60 per cent. 



,261,327 00 $129,369 99 $129,369 99 

. $21,537 00 



BOSTON" MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, BOSTON". 

[Incorporated March 15, 1850. Commenced business Oct. 15, 1850.] 
EDWARD ATKINSON, President. FRANCIS E. ROBINSON, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Phila., Wil. & Baltimore Railroad bonds, . $40,000 00 $44,200 00 
Chicago, Burl. & Quincy Railroad bonds, , . 50,000 00 48,250 00 

Old Colony Railroad bonds, .... 120,000 00 124,900 00 

Burl. & Missouri River Railroad bonds, . . 30,000 00 34,950 00 

Pennsylvania Company bonds, . . . 30,000 00 33,000 00 

West Shore Railroad bonds, .... 50,000 00 52,750 00 

Boston & Lowell Railroad bonds, . . . 75,000 00 78,000 00 

New Jersey Central Railroad bonds, . . 50,000 00 57,750 00 

Rome, Watertown & Ogdensburg R.R. bonds, 50,000 00 58,875 00 

Lehigh Valley Railroad bonds, . . . 25,000 00 27,500 00 

Eastern Railroad bonds, . ... . . 25,000 00 29,750 00 

United New Jersey Railway & Canal Co. bonds, 50,000 00 56,000 00 
Baltimore & Ohio Railroad bonds, . . . 50,000 00 40,000 00 

Brookline town bonds, 65,000 00 65,000 00 

Boston & Maine Railroad bonds, . . . 50,000 00 56,500 00 



$760,000 00 $807,425 00 



16 BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE CO. 



Summary of Assets Dec 
Stocks, bonds, etc., as per schedule, 
Cash loans secured, . 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Gross assets, 

Liabilities. 

Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, 



31, 1896. 

$807,425 00 

8,282 02 

7,462 96 

32,936 04 

9,284 98 



$424,978 28 
1,077 63 



$865,391 00 



426,055 91 



Net cash assets, $439,335 09 



Income. 

Premiums on risks written or renewed, . . $885,719 31 
Less reinsurance and return premiums, . . 31,942 95 

Net cash premiums received, .... 

Interest and dividends received from all sources, . 

Gross cash income, 



$853,776 36 
28,445 25 



,221 61 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for inspections and plans, 

for incidentals, .... 

Gross cash expenditures, .... 



1,544 77 

560,291 95 

33,409 25 

8,309 51 

1,976 36 

15,919 92 

10,848 44 

$697,300 20 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $106,132,248 00 $847,703 82 $4,238,519 10 
Risks written during 1896, . 113,423,064 00 885,719 31 4,428,596 55 



Total, .... $219,555,312 00 $1,733,423 13 $8,667,115 65 

Risks terminated during 1896, 111,112,113 00 883,466 58 4,417,332 90 



In force at end of year, . . $108,443,199 00 $849,956 55 $4,249,782 75 

Miscellaneous. 

Losses incurred during the year, $55,286 00 

Profits or surplus returned during 1896, 65^ per cent. 



BRISTOL COUNTY MUTUAL FIRE INSURANCE CO. 



17 



BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY, 

NEW BEDFORD. 

[Incorporated Feb. 13, 1829. Commenced business July 4, 1829 ] 

JAMES TAYLOR, President. GEO. N. ALDEN, Secretary. 

[Note. — Policies are all issued for five years, ten per cent, of the premium note being 
received in cash at the time of issuing the policy. The notes are assessed as necessity requires. 
No cash funds are accumulated.] 



Summary of Assets Dec. 31, 1896. 

Cash in the office of the company, . . . $70 58 

Cash deposited in bank, 3,181 92 

Premiums in course of collection (gross), . 121 94 
Prem's more than three mos. due, . $29 00 

Gross assets, 



S,374 44 



Liabilities. 



State and local taxes, 
Commissions and brokerage, 
Gross liabilities, 



$3 26 
16 43 



$19 69 



Income. 

Premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash premiums received, . 
Received for extra premiums, . 
Income from policy fees, 

Gross cash income, .... 



$272 14 
3,450 30 




$3,722 44 
150 94 




$3,571 50 
- 193 99 


$3,377 51 
32 00 
12 50 


. 



1,422 01 



Expenditures. 

Cash paid for losses, 

for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for rent and incidentals, 

Gross cash expenditures, .... 



$566 75 


208 


27 


999 


96 


36 


91 


193 


39 



$2,005 28 



18 BUSINESS MEN'S MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Conting't Prom's. 

Risks outstanding Dec. 31, 1895, . . . f 2,6 17,030 00 $194,036 00 

Risks written during 1896, .... 505,375 00 34,560 00 



Total, |3,122,405 00 $228,596 00 

Deduct risks expired and terminated, . . 721,575 00 66,423 00 



In force at end of year, f 3,400,830 00 $162,173 00 

Miscellaneous. 
Losses incurred during the year, $567 00 



BUSINESS MEN'S MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Jan. 5, 1895. Commenced business Jan. 4, 1896.] 
STEPHEN MOORE, President. HOWARD GANNETT, Secretary. 

Office, 53 State Street. 

Summary of Assets Dec. 31, 1896. 

Cash in the office of the company, . . . $1 09 

Cash deposited in bank, ..... 109 91 

Premiums in course of collection (gross), . 869 56 

Gross assets, $980 56 

Liabilities. 

Unearned premiums on outstanding risks, . $863 17 

Gross liabilities, ...... 863 17 



Net cash assets, $117 39 

Income. 

Premiums on risks written, .... f 1,864 20 

Premiums now in course of collection, . . 869 56 



Entire premiums collected, .... $994 64 

Less reinsurance and return premiums, . , 311 60 

Net cash premiums received, .... — $683 04 

Income from commissions, 93 



Gross cash income, ........ $683 97 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



19 



Expenditures. 

Cash paid for commissions and brokerage, 
for State and local taxes, 
for rent and incidentals, 

Gross cash expenditures, . 



$72 


32 


13 


65 


487 


00 



$572 97 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks written during 1896, . f 213,350 00 $1,864 20 $3,728 40 

Risks terminated during 1896, . 31,700 00 319 35 638 70 



In force at end of year, . 



$181,650 00 



L,544 85 



1,089 70 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, 

CAMBRIDGE. 

[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.] 
DANA W. HYDE, President. ALFRED L. BARBOUR, Secretary. 



Amount of permanent fund, . 



$130,688 77 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Cambridge city bonds, f 2,000 00 $2,400 00 

Boston city bonds, ...... 5,000 00 5,000 00 

Portland city bonds, 10,000 00 12,200 00 

Belfast city bonds 2,000 00 2,000 00 

Highland Street Railway bonds, . . . 4,000 00 4,400 00 

Eastern Railroad bonds, 1,500 00 1,740 00 

Boston & Lowell Railroad bonds, . . . 5,000 00 5,000 00 

Fitchburg Railroad bonds 1,000 00 1,000 00 

15 shares National City Bank, Cambridge, . 1,500 00 2,250 00 

1 share Framingham National Bank, . . 100 00 150 00 



$32,100 00 $36,140 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $59,750 00 

Loans on mortgage of real estate (first liens*), 113,883 00 
Interest due or accrued thereon, . . . 2,373 12 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$74,700 00 
142,700 00 
132,100 00 



20 



CAMBRIDGE MUTUAL FIRE INSURANCE CO. 



Stocks, bonds, etc., as per schedule, 
Loans on personal security, 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, $2,809 74 
Gross assets, 



$36,140 00 

3,000 00 

1,818 88 

9,084 51 

467 01 

14,502 64 

1,825 50 



$242,844 66 



Liabilities. 

Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
Surplus due on terminated policies, 
Commissions and brokerage, . 

Gross liabilities, .... 

Net cash assets, .... 



$4,500 00 

153,962 48 

4,093 68 

2,596 85 



165,153 01 



$77,691 65 



Income. 

Premiums outstanding Dec. 31, 1895, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Income from rents, . . . 



Gross cash income, 



Expenditures. 



Cash paid for losses, . . 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employe 

for State and local taxes, 

for rents and incidentals, 

for expenses on real estate, . 

Gross cash expenditures, . 



$16,408 92 

315 85 

$16,093 07 

99,084 45 

$115,177 52 

17,312 38 



,865 14 
3,674 26 



es, 



$94,190 88 

730 61 

3,556 66 

1,803 12 

6,966 15 

$107,247 42 



$31,009 78 
34,349 60 
13,830 73 
7,650 00 
2,631 60 
5,292 16 
3,425 92 

$98,189 79 



citizens' mutual fire INSURANCE CO. 21 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31,1895, $16,871,003 00 $266,486 89 $266,486 89 

Risks written during 1896, . 6,037,829 00 99,084 45 99,084 45 



Total, $22,908,832 00 $365,57134 $365,57134 

Risks terminated during 1896, 4,467,675 00 68,498 87 68,498 87 



In force at end of year, . . $18,441,157 00 $297,072 47 $297,072 47 
Deduct amount reinsured, . 4,000 00 50 00 50 00 



Net amount in force, . . $18,437,157 00 $297,022 47 $297,022 47 

Miscellaneous. 
Losses incurred during the year, $29,425 00 



CITIZENS' MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated March 7, 1846. Commenced business Oct. 6, 1846.] 
HENRY C. B1G-ELOW, President. T. WALLACE TRAVIS, Secretary. 

Office, 8 Exchange Place. 
Amount of permanent fund, $174,441 91 

Detailed Statement of Stocks, Bonds, etc. 



30 shares Hide and Leather National Bank, 
15 " Natick National Bank, 
10 " Farmington National Bank (N. H.) 
Butchers 1 S. and M. Association bonds, . 
Denver Land and Security Co. bonds, 



Par Value. Market Value. 

$3,000 00 $3,250 00 

1,500 00 1,800 00 

1,000 00 1,000 00 

4,000 00 4,000 00 

1,800 00 1,800 00 



$11,300 00 $11,850 00 



Summary of Assets Dec 31, 1896. 

Cash value of unencumbered real estate, . $24,900 00 

Loans on mortgage of real estate (first liens*), 280,195 00 

Interest due or accrued thereon, . . . 4,606 94 

Stocks, bonds, etc., as per schedule,. . . 11,850 00 

* Total value of property mortgaged, $546,800 00 

Amount of insurance held as collateral, .... 333,450 00 



22 



citizens' mutual FIRE INSURANCE CO. 



All cash loans, 

Cash in the office of the company, . 
Cash deposited in banks, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$4,000 00 

875 78 

19,202 58 

208 50 

2,711 38 



$348,550 18 



Liabilities. 

Losses adjusted, unpaid, $2,300 00 

Unearned premiums on outstanding risks, . 187,814 93 

Profits or surplus on terminated policies, unpaid, 810 26 

Commissions and brokerage, .... 406 71 

Gross liabilities, 

Net cash assets, 



191,331 90 



$157,218 28 



Income. 

Premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Gross cash income, . 



$4,222 98 
85,145 74 



$89,368 72 
2,711 38 


$86,657 
4,185 


34 
25 



sources, 



472 09 

1,385 15 

14,113 58 

1,113 86 

902 87 



,987 55 



Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for rents, ...... 

for incidentals, .... 



|29,637 90 
5 07 



$29,632 83 
41,369 42 
12,546 88 
7,739 02 
1,417 86 
1,800 00 
2,623 32 



Gross cash expenditures, 



$97,129 33 



COHASSET MUTUAL FIRE INSURANCE CO. 23 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prom's. 

Risks outstanding Dec. 31, 1895, $26,881,873 00 $369,880 72 $369,880 72 

Risks written during 1896, . 6,319,757 00 85,145 74 85,145 74 



Total, $33,201,630 00 $455,026 46 $455,026 46 

Risks terminated during 1896, 5,089,777 00 67,526 91 67,526 91 



In force at end of year, . . $28,111,853 00 $387,499 55 $387,499 55 
Deduct amount reinsured, . 19,700 00 194 53 194 53 



Net amount in force, . . $28,092,153 00 $387,305 02 387,305 02 

Miscellaneous. 

Losses incurred during the year, $31,938 00 

Profits or surplus returned during 1896, 70 and 50 per cent. 



COHASSET MUTUAL FIRE INSURANCE COMPANY, COHASSET. 

[Incorporated March 18, 1845. Commenced business March 16, 1846.] 
LOUIS N. LINCOLN, President. PHILANDER BATES, Secretary. 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

9 shares City National Bank, Boston, . . $900 00 $720 00 

3 " Merchants' National Bank, Boston, . 300 00 450 00 



.,200 00 $1,170 00 



Summary of Assets Dec 



31, 1896. 



Stocks as per schedule, $1,170 00 

Cash in the office of the company, ... 22 25 

Cash deposited in bank, 822 32 

Premiums in course of collection (gross), . 21 78 
Office furniture, . . . $60 00 

Gross assets, $2,036 35 

Liabilities. 

Unearned premiums on outstanding risks, . $2,636 06 

Gross liabilities, 2,636 06 



Balance against company, $599 71 



24 



COHASSET MUTUAL FIRE INSURANCE CO. 



Income. 

Premiums outstanding Dec. 31, 1895, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest and dividends received from all sources, 

Gross cash income, . ... 



$148 47 
74 16 



$74 


31 


1,193 


80 


$1,268 


11 


21 


78 


$1,246 


33 


44 


33 



$1,202 00 

7 43 

62 54 

$1,271 97 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, . 

for rents, 

( for incidentals, 

Gross cash expenditures, .... 



$1,000 95 


567 


97 


284 


08 


11 


38 


50 


00 


23 


02 



$1,937 40 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $354,020 00 $5,232 55 $16,32114 

Risks written during 1896, . 75,165 00 1,193 80 3,581 40 



In force at end of year, 



Total, $429,185 00 $6,426 35 $19,902 54 

Risks terminated during 1896, 75,140 00 1,010 10 3,461 94 



$354,045 00 $5,416 25 $16,440 60 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1896, 15, 30 and 50 per cent. 



$1,001 00 



CONTINENTAL MUTUAL FIRE INSURANCE CO. 



25 



CONTINENTAL MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 14, 1894. Commenced business Jan. 15, 1895/] 
ARTHUR E. KRIEGER, President. RICHARD C. PETERS, Secretary. 

Office, 539 Exchange Building. 



Summary of Assets Dec. 31, 1896. 



Cash in the office of the company, . 

Cash deposited in bank, 

Unpaid assessments on deposit notes, $6,681 16 

Return premiums due, 

Prem's more than three months due, § 28 70 
Gross assets, 



:,091 65 
41 37 

747 63 



1,880 65 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Return premiums on cancelled, policies, . 
State and local taxes, .... 
Commissions and brokerage, . 

Gross liabilities, .... 

Balance against the company, . 



8474 92 




6,566 71 




36 50 




218 91 




123 36 




5 74 






7,426 14 





1,515 49 



Income. 

Premiums outstanding Dec. 31, 1895, . . $3,544 56 

Premiums on risks written or renewed, . . 8,808 27 

Total, $12,352 83 

Premiums now in course of collection, . . . 28 70 

Entire premiums collected, .... $12,324 13 

Less reinsurance and return premiums, . . 6,893 89 

Net cash premiums received, . 

Received for extra premiums, . 

Interest and dividends received from all sources, 

Income from assessments, 



Gross cash income, 



$5,430 24 

202 58 

86 24 

6,272 30 

fll,991 36 



Expenditures. 
Cash paid for losses, . . . . 

Deduct salvage and reinsurance, . . 

Net cash paid for losses, 

Cash paid for commissions and brokerage, 
Cash paid for salaries of officers and employees, 



$7,434 07 




17 17 






$7,416 90 




. 


872 31 


e a . 


3,590 00 



26 COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 



Cash paid for State and local taxes, 
for rents, . . * 

for incidentals, 

Gross cash expenditures, . 



$25 00 

400 00 

2,065 47 


$14,369 68 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $1,017,009 00 $16,665 53 $49,996 59 

Risks written during 1896, . 428,130 00 8,808 27 26,424 81 



Total, . . . . $1,445,139 00 

Risks terminated during 1896, . 1,441,339 00 



In force at end of year, 



5,800 00 



$73 00 



$25,473 80 $76,421 40 
25,400 80 76,202 40 



$219 00 



Miscellaneous. 

Losses incurred during the year, $14,230 00 

Assessments laid on deposit notes or contingent premiums, . 12,953 00 



COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSURANCE 

COMPANY, BOSTON. 

[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.] 
M. V. B. JEFFERSON, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Fitchburg Railroad bonds, . . . . $24,000 00 $25,480 00 

Chicago, Burlington & Quincy R R. bonds, . 10,000 00 9,800 00 

Boston city bond, 2,000 00 2,020 00 

Metropolitan Street Railroad bonds, . . 15,000 00 15,312 50 

Maine Central R.R. bonds, .... 36,000 00 36,950 00 

Cheshire R.R. bonds, 17,000 00 17,382 50 

Portland & Ogdensburg R.R. bonds, . . 10,000 00 10,400 00 

New York & New England R.R. bonds, . . 17,000 00 18,955 00 

Lynn & Boston R.R. bonds, .... 12,000 00 12,000 00 

Middlesex R.R. bonds, 1,000 00 1,050 00 

Highland Street RR. bonds, .... 1,00000 1,03500 

South Boston R.R. bonds, 5,000 00 5,250 00 

West End Street R R bonds 17,000 00 17,140 00 



COTTON AND WOOLEN MANUFACTURERS' INSURANCE CO. 27 



Connecticut River R.R. scrip, . 
Bangor & Aroostook R.R. bonds, 
Corporation notes, 



Par Value. 

$5,000 00 
15,000 00 
25,000 00 



Market Value. 

$5,000 00 
15,000 00 
25,000 00 



$212,000 00 $217,775 00 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



31, 1896. 

$217,775 00 

2,891 63 

51,369 33 

3,863 27 

3,251 49 

800 00 



$279,950 72 



Liabilities. 

Unearned premiums on outstanding risks, . $152,433 21 

State and local taxes, 600 10 

Gross liabilities, 



153,033 31 



Net cash assets, $126,917 41 



Income. 

Premiums outstanding Dec. 31, 1895, . . $7,081 23 

Premiums on risks written or renewed, . . 322,166 18 



Total, $329,247 41 

Premiums now in course of collection, . . 3,251 49 



Entire premiums collected, .... $325,995 92 

Net cash premiums received, . 

Interest and dividends received from all sources, . 



Gross cash income, 



$325,995 92 
12,271 60 

$338,267 52 



Expenditures. 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 

for inspections, .... 

for salaries of officers and emplo} 7 ees, 

for State and local taxes, 

for rents and joint office expenses, . 

for incidentals, .... 



$45,178 01 

222,758 72 

9,991 34 

8,252 40 

3,442 54 

6,814 10 

1,825 79 



Gross cash expenditures, . 



$298,262 90 



28 



DEDHAM MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $30,365,256 00 $303,261 28 $1,516,306 40 

Risks written during 1896, . 37,089,511 00 322,166 18 1,610,830 90 



Total, $67,454,767 00 f 625,427 46 $3,127,137 30 

Risks terminated during 1896, . 34,726,222 00 320,561 05 1,602,805 25 



In force at end of year, . . $32,728,545 00 $304,866 41 $1,524,332 05 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1896, 70 per cent. 



$41,533 00 



DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 22, 1837. Commenced business July 1, 1837.] 
GEO. B. FAUNCE, President. ELIJAH HOWE, Jr., Secretary. 



Amount of permanent fund, . 



,765 77 



Detailed Statement of Stocks, Bonds, etc. 

Par Value, Market Value. 

Dedham National Bank stock, . . . . $1,200 00 $1,200 00 

Dedham Water Company stock, . . . 2,500 00 2,500 00 

Atch., Topeka & Santa Fe R.R. stock, . . 5,000 00 700 00 

Atch., Topeka & Santa Fe R'y stock, . . 7,300 00 1,679 00 

Boston city bonds, 2,000 00 2,200 00 

Cincinnati city bonds, 6,000 00 6,960 00 

Salem water bonds, 3,000 00 3,240 00 

Washington County (111.) bonds, . . . 5,000 00 5,000 00 

N. H. Trust Company bonds, ..... 4,50000 3,25000 

Western Security Company bonds, . . 6,000 00 3,600 00 

Lombard Investment Company bonds, . . 3,240 00 1,990 00 

New England Mortgage Security Co. bonds, . 8,000 00 7,600 00 

Boston & Lowell R.R bonds, .... 10,000 00 10,500 00 

Kan. City, St. Jos. & Council Bluffs R.R. bonds, 2,000 00 2,360 00 

Atch., Topeka & Santa Fe R R. bonds, . . 12,000 00 7,960 00 

Philadelphia & Reading R.R. bonds, . . 5,000 00 6,350 00 

Old Colony R.R. bonds, 2,000 00 2,100 00 

Union Pacific Railway bonds, .... 16,000 00 14,100 00 

St. Johnsbury & Lake Champlain R.R. bonds, 6,000 00 7,147 50 



$106,740 00 $90,436 50 



DEDHAM MUTUAL FIRE INSURANCE CO. 



29 



Summary of Assets Dec. 31, 1896. 



Loans on mortgage of real estate (first liens) 
Interest due or aecrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 
Gross assets, 



$36,400 00 
1,323 76 
90,436 50 
646 99 
1,799 59 
1,158 00 
2,554 30 



$134,319 14 



Liabilities. 

Losses adjusted, unpaid, ..... $1,500 00 

Unearned premiums on outstanding risks, . 41,424 60 

Return premiums on cancelled policies, . . 152 04 

Profits or surplus on terminated policies, unpaid, 1,586 11 

Commissions and brokerage, .... 383 14 

Gross liabilities, 



Net cash assets, 



45,045 89 



,273 25 



$2,804 66 
28,573 06 


$31,377 
2,554 


72 
30 


$28,823 
385 


42 
34 



Income. 
Premiums outstanding Dec. 31, 1895, 

Net collected, . 
Premiums on risks written or renewed, . 

Total, . 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Gross cash income, 

Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, . . . . . 

for incidentals, 



},804 66 



$28,438 08 
1,225 12 
3,855 15 

$33,518 35 



$12,539 54 

10,925 01 

4,184 79 

4,544 24 

324 68 

270 00 

755 00 



Gross cash expenditures, . 



$33,543 26 



30 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31,1895, $4,904,622 00 $77,242 21 $77,242 21 

Risks written during 1896, . . 1,811,986 00 28,573 06 28,573 06 



Total, $6,716,608 00 $105,815 27 $105,815 27 

Risks terminated during 1896, . 1,513,549 00 23,428 59 23,428 59 



In force at end of year, . .$5,203,059 00 $82,386 68 182,386 68 

Miscellaneous. 

Losses incurred during the year, . . . . . . $13,091 00 

Profits or surplus returned during 1896, 25, 33 J, 50 and 70 per cent. 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY, 

BOSTON. 

[Incorporated February, 1855. Commenced business July, 1855.] 
THOMAS F. TEMPLE, President. W. D. C. CURTIS, Secretary. 

Office, Neponset. 



Amount of permanent fund, 



. $200,000 00 



Detailed Statement of Stocks, 



Detroit, Lansing & Northern Railroad bonds, 
Fitchburg Railroad bonds, 
Chicago, Burlington & Quincy Railroad bonds 
56 shares Blue Hill National Bank, 



50 

20 

20 

12 

10 

30 

33 

10 

5 

10 

304 

273 

75 



Boston National Bank, . 
Howard National Bank, . 
Continental National Bank, . 
Hide and Leather National Bank, 
New England National Bank, 
Columbian National Bank, 
State National Bank, 
Mt. Wollaston National Bank, 
Granite National Bank, . 
Weymouth National Bank, 
Boston & Albany Railroad, 
Old Colony Railroad, 
Boston & Maine Railroad, 



Bonds, etc. 

Par Value. 

$7,000 00 

32,000 00 

10,000 00 

5,600 00 

5,000 00 

2,000 00 

2,000 00 

1,200 00 

1,000 00 

3,000 00 

3,300 00 

1,000 00 

500 00 

1,000 00 

30,400 00 

27,300 00 

7,500 00 



Market Value. 

$4,550 00 

33,480 00 

9,800 00 

5,880 00 

4,500 00 

1,780 00 

2,000 00 

1,296 00 

1,500 00 

2,940 00 

3,597 00 

1,400 CO 

650 00 

1,200 00 

63,536 00 

48,867 00 

12,450 00 



DORCHESTER MUTUAL FIRE INSURANCE CO. 



31 



56 shares Boston & Lowell Railroad, 
123 " Boston Lead M'fg Co , . 
300 " International Trust Co., . 



Par Value. 

$5,600 00 
12,300 00 
30,000 00 



Market Value. 

$11,536 00 
18,450 00 
60,000 00 



$187,700 00 $289,412 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (fir 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (g 
Rents due and accrued, 
Prem's more than three mos. due, 
Gross assets, 



state, 


$22,000 00 




[•st liens*), 


21,588 13 

450 00 

289,412 00 

6,556 79 

880 00 




£ross), 


13,945 69 
120 00 




. $2,120 15 




$354,952 61 



Liabilities. 

Losses adjusted, unpaid, $4,099 21 

Unearned premiums on outstanding risks, . 251,472 29 

Profits or surplus on terminated policies, unpaid, 3,200 00 

Due for borrowed money, .... 15,000 00 

Commissions and brokerage, .... 2,095 54 

Gross liabilities, 



275,867 04 



Net cash assets, 



$79,085 57 



Income 
Premiums outstanding Dec. 31, 1895, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 



,460 81 
1,248 45 



$15,212 36 
140,474 77 

$155,687 13 
16,065 84 

$139,621 29 
3,801 35 



$135,819 94 
1,435 36 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$17,000 00 
20,400 00 
19,000 00 



32 



EAGLE MUTUAL FIRE INSURANCE CO. 



Interest received on mortgages, .... 
Interest and dividends received from all other sources, 
Income from rents, ....... 



Gross cash income, ; 

Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance. 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for rents and incidentals, 
for interest on borrowed money, 

Gross cash expenditures, .... 



$1,175 50 

12,755 77 

1,698 00 



. 


$152,884 57 


$80,352 33 




2,867 50 






$77,484 83 






57,107 41 




21,805 58 




8,695 02 




2,452 83 


, . 


4,079 27 




500 00 



. $172,124 94 



Risks and Premiums. 

Amount. \ Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $33,048,292 00 $513,921 05 $513,921 05 

Risks written during 1896, . 8,942,725 00 140,474 77 140,474 77 



Total, .... $41,991,017 00 $654,395 82 $654,395 82 

Risks terminated during 1896, . 9,176,264 00 140,869 91 140,869 91 



In force at end of year, . . $32,814,753 00 $513,525 91 $513,525 91 

Miscellaneous. 

Losses incurred during the year, . . . . . . $84,452 00 

Profits or surplus returned during 1896, 20, 40 and 60 per cent. 



EAGLE MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated May 6, 1895. Commenced business Aug. 1, 1895.] 
HENRY F. WHITNEY, President. GEORGE B. HEATON, Secretary. 

Office, 44 Kilby Street. 



Summary of Assets Dec. 31, 1896. 

Cash deposited in bank, $269 29 

Unpaid assessments, . . . $6,890 48 

Gross assets, — 



$269 29 



EAGLE MUTUAL FIRE INSURANCE CO. 



33 



Liabilities. 

Losses adjusted, unpaid, . 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Gross liabilities, 

Balance against the company, . 



$2,552 87 


650 00 


51 91 


850 00 



1,104 78 



$3,835 49 



Income. 

Premiums outstanding Dec, 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Interest received from all sources, . 
Received from assessments, 

Gross cash income, 



$6,513 78 
7,303 86 

$13,817 64 

228 72 

$13,588 92 
8,302 95 



$5,285 97 

14 52 

6,565 85 


$11,866 


34 



Expenditures. 

Cash paid for losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$5,640 24 

905 69 

5,225 89 

75 82 

2,563 77 

$14,411 41 



Risks and Premiums. 



Risks outstanding Dec. 31, 1895, 
Risks written during 1896, 

Total, . 



Amount. 

[,086,106 00 
426,261 00 

.,512,367 00 



Risks terminated during 1896, . 1,502,480 00 
In force at end of year, . . $9,887 00 



Cash Prem's. Conting't Prem's. 

$11,776 56 $35,329 68 
7,303 86 21,911 58 



$103 82 



$19,080 42 $57,241 26 
18,976 60 56,929 80 



$311 46 



Miscellaneous. 

Losses incurred during the year, 

Assessments laid on deposit notes or contingent premiums, 



$8,514 00 
16,404 00 



34 



EASTERN MUTUAL FIRE INSURANCE CO. 



EASTERN MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Jan. 3, 1894. Commenced business Feb. 1, 1894.] 
HARRY J. JAQUITH, President. M. SINCLAIR WILLIAMS, Secretary. 

Office, 30 Congress Street. 



Summary of Assets Dec 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Losses claimed and reported, . 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Due and accrued for rents, policies, etc., . 
Gross liabilities, ..... 



Net cash assets, 



31, 1896. 

$3,439 70 
5,969 31 
1,071 46 



$615 72 

3,613 43 

4,423 95 

294 80 

287 00 



Income. 
Premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, ..... 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest and dividends, 



$7,044 78 
183 37 

$6,861 41 
16,709 13 

$23,570 54 
1,423 15 

$22,147 39 
8,213 65 



,480 47 



9,234 90 
51,245 57 



$13,933 74 

97 18 

439 93 



Gross cash income, $14,470 85 



Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, 

Net cash paid for losses, ..... 

Cash paid for salaries of officers and employees, 
for Slate and local taxes, 

for rents, 

for incidentals, 



$30,851 57 
1,586 25 



Gross cash expenditures, 



$29,265 32 

1,630 00 

347 52 

900 00 

2,367 86 

$34,510 70 



ESSEX MUTUAL FIRE INSURANCE CO. 



35 



Risks and Premiums. 

Amount. Cash Prem's. Conting'tPrem's. 

Risks outstanding Dec. 31, 1895, $2,517,482 00 $43,884 21 $131,652 63 

Risks written during 1896, . 925,324 00 16,709 13 50,127 39 



Total, $3,442,806 00 $60,593 34 $181,780 02 

Risks terminated during 1896, . 2,994,096 00 51,745 45 155,236 35 



In force at end of year, . . $448,710 00 



5,847 89 $26,543 67 



Miscellaneous. 
Losses incurred during the year, . 



,817 00 



ESSEX MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated 1829. Commenced business 1829.] 
HENRY M. MEEK, President. CHARLES H. ODELL, Secretary. 



Amount of permanent fund, . 



$51,152 23 



Detailed Statement of 



Oregon Improvement Co. bonds, 
American Investment Co. bonds, 
Cleveland & Canton R'y Co. bonds 
City of Missoula (Mont.) bonds, 
City of Chicago bonds, 
Duluth Transfer Co. bonds, 
19 shares Asiatic National Bank, 
14 " Salem National Bank, 
41 " Mercantile National Bank 
16 " Lynn Gas and Electric Co 
30 " Union Stock Yards Co., 



Stocks, Bonds, etc. 

Par Value. 

$5,000 00 

1,500 00 

5,000 00 

4,000 00 

1,000 00 

3,000 00 

570 00 

1,400 00 

4,100 00 

1,600 00 

3,000 00 



Market Value. 

$5,000 00 
600 00 
1,750 00 
4,320 00 
1,080 00 
3,000 00 
570 00 
1,680 00 
4,428 00 
3,200 00 
3,750 00 



$30,170 00 $29,378 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, - . $24,600 00 

Loans on mortgage of real estate (first liens), 3,000 00 

Interest due or accrued thereon, ... 90 00 

Stocks, bonds, etc., as per schedule, . , 29,378 00 

Cash in the office of the company, ... 34 52 



36 



ESSEX MUTUAL FIRE INSURANCE CO. 



Cash deposited in bank, .... 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, 
Salvage, etc , . . . . 
Reinsurance, .... $4,379 54 
Gross assets, 



$2,052 36 

354 70 

4,331 06 

250 00 

1,550 31 



,640 95 



Liabilities. 

Losses adjusted, unpaid, 

Losses claimed and reported, .... 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid, 
Due for borrowed money, . . 

State and local taxes, 

Commissions and brokerage, .... 
Gross liabilities, 

Net cash assets, 



$7,796 34 




2,905 00 




20,662 89 




543 58 




4,559 86 




5,000 00 




53 82 




701 49 






42,222 98 




. . 


$23,417 97 



Income 

Premiums outstanding Dec. 31, 1895, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, etc., . 



Gross cash income, 



$15,615 52 

245 72 

$15,369 80 
35,844 44 

$51,214 24 
4,547 01 

$46,667 23 
34,345 73 



sources, . 



$12,321 50 

180 00 

1,937 45 

700 99 

$15,139 94 



Expenditures. 
Cash paid for losses, .... 

Deduct salvage and reinsurance, 
Net cash paid for losses, .... 
Cash paid as profits on terminated policies, 
Cash paid for commissions and brokerage, 



$48,351 25 
7,911 69 



$40,439 56 
5,260 88 
7,428 85 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE CO. 37 

Cash paid for salaries of officers and employees, . 
for State and local taxes, . 
for rents and inspections, .... 
for incidentals, 

Gross cash expenditures, 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $7,539,024 00 $107,75109 $107,75109 
Risks written during 1896, . 2,239,320 00 35,844 44 35,844 44 



$3,567 50 


749 


19 


879 


99 


2,468 


43 



,794 40 



Total, $9,778,344 00 $143,595 53 $ 143,595 53 

Risks terminated during 1896, 7,745,391 00 106,780 56 106,780 56 



In force at end of year, . .$2,032,953 00 $36,814 97 $36,814 97 
Deduct amount reinsured, . 4,383 00 63 75 63 75 



Net amount in force, . 



',028,570 00 $36,751 22 $36,751 22 



Miscellaneous. 
Losses incurred during the year, . . . . . . $38,437 00 

Profits or surplus returned during 1896, 20, 40 and 60 per cent. 



FALL RIVER MANUFACTURERS' MUTUAL INSURANCE 
COMPANY, FALL RIVER. 

[Incorporated Feb. 11, 1870. Commenced business May 1, 1870.] 
THOMAS J. BORDEN, President. CHARLES S. WARING, Secretary. 



Detailed Statement of Stocks, BOnds, etc. 

Par Value. Market Value. 

Taunton city bonds, $15,000 00 $15,900 00 

Fall River city bonds, 21,000 00 24,450 00 

Boston city bonds, 40,000 00 42,400 00 

Newport (R. I.) city bonds, .... 20,00000 21,40000 

Cleveland (O.) city bonds, . . . . . 25,000 00 26,250 00 

Boston & Lowell Railroad bonds, . . . .30,000 00 30,475 00 

Boston & Providence Railroad bonds, . . 20,000 00 20,800 00 

Concord & Montreal Railroad bonds, . . 15,000 00 15,450 00 

Chicago, Burl. & Quincy Railroad bonds, . 15,000 00 13,200 00 

Phila , Wilmington & Baltimore R.R. bonds, . . 20,000 00 19,800 00 

Old Colony R.R. bonds, . . . . - . 30,000 00 31,350 00 

Boston & Maine R.R. bonds, . . . . 10,000 00 10,450 00 



$261,000 00 $271,925 00 



38 FALL RIVER MANUFACTURERS* MUTUAL INSURANCE CO. 



Summary of Assets Dec. 31, 1896. 

Stocks, bonds, etc., as per schedule, . . . $271,925 00 

Cash in the office of the company, . . . 225 39 

Cash deposited in bank, 41,238 04 

Interest due and accrued, 3,624 37 

Premiums in course of collection (gross), . 1,565 13 

Gross assets, 



1318,577 93 



Liabilities. 

Losses claimed and reported, .... $220 00 

Unearned premiums on outstanding risks, . 154,235 00 

State and local taxes, 539 65 

Gross liabilities, . . . , 



154,994 65 



Net cash assets, $163,583 28 



Income. 

Premiums outstanding Dec. 31, 1895, 
Same not collected, 



Net collected, f 2,578 13 

Premiums on risks written or renewed, . . 323,864 07 



Total, $326,442 20 

Premiums now in course of collection, . . 1,565 13 



Entire premiums collected, .... $324,877 07 
Less reinsurance and return premiums, . . 13,365 09 

Net cash premiums received, . 
Interest and dividends received from all sources, . 



$2,580 06 
1 93 



$311,511 98 
11,511 03 



Gross cash income, $323,023 01 



Expenditures. 



Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, ...... 

for inspections, .... 

for incidentals, .... 



$42,444 25 

207,717 63 

11,142 00 

3,098 95 

504 00 

5,455 56 

1,265 03 



Gross cash expenditures, 



$271,627 42 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



39 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $36,370,355 00 $319,628 05 $1,598,140 25 
Risks written during 1896, . 38,125,521 00 323,864 07 1,G 19,320 35 



Total, .... $74,495,876 00 $643,492 12 $3,217,460 60 
Risks terminated during 1896, . 38,216,919 00 335,022 11 1,675,110 55 



In force at end of year, . . $36,278,957 00 $308,470 01 $1,542,350 05 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1896, 64 T 6 L 5 P er cent. 



$37,305 00 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, 

FITCHBURG. 

[Incorporated March 23, 1847. Commenced business Sept. 1, 1847.] 
AMASA NORCROSS, President. EDWARD P. DOYVNE, Secretary. 

Amount of permanent fund, $106,226 50 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Cheshire Railroad bonds, . . . $5,000 00 $5,000 00 

Fitchburg Railroad bonds 5,000 00 5,000 00 

Investment Trust Co. of America, . . . 7,500 00 7,500 00 

Minnesota Thresher Manufacturing Co., . . 24,000 00 24,000 00 

City of Fitchburg Water bonds, ... 5,000 00 5,000 00 

10 shares Fitchburg National Bank, . . 1,000 00 1,400 00 

20 " Rollstone National Bank, . . . 2,000 00 2,800 00 

10 " Fitchburg Railroad, .... 1,000 00 920 00 

15 " Springfield Safe Dep. & Trust Co , . 1,500 00 2,070 00 

25 " Investment Trust Co. of America, . 2,500 00 2,500 00 



$54,500 00 $56,190 00 



Securities held as collateral for cash loans : — 

40 shares Simonds Manufacturing Co., . . 

40 " Simonds Manufacturing- Co., . 

50 " Garfield & Proctor Coal Company, . 



Market Value. Loaned Thereon. 

$6,000 00 $3,200 00 

6,000 00 3,000 00 

6,250 00 4,500 00 



$18,250 00 $10,700 00 



40 



FITCHBURG MUTUAL FIRE INSURANCE CO. 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *') 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule 
All other cash loans, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, 
Gross assets, 



$80,000 00 

34,639 00 

807 82 

56,190 00 

10,700 00 

3,900 00 

1,130 71 

8,550 08 

1,069 02 

16,311 16 

561 00 



$213,858 79 



Liabilities. 

Losses adjusted, unpaid, $7,679 19 

Unearned premiums on outstanding risks, . 138,774 43 

Profits or surplus on terminated policies, unpaid, 250 00 

Due for borrowed money, .... 25,000 00 

State and local taxes, 997 39 

Commissions and brokerage, .... 2,127 54 

Gross liabilities, . . . . . 



174,828 55 



Net cash assets, 



,030 24 



Income. 

Premiums outstanding Dec. 31, 1895, . . $17,635 00 

Net collected, $17,635 00 

Premiums on risks written or renewed, . . 121,384 60 

Total, $139,019 60 

Premiums now in course of collection, . . 16,311 16 



Entire premiums collected, .... $122,708 44 

Net cash premiums received, . . . . $122,708 44 

Received for extra premiums, 1,212 00 

Interest received on mortgages, 2,229 74 

Interest and dividends received from all other sources, . . 2,872 50 

Income from rents, 3,361 58 

Gross cash income, . $132,384 26 

* Value of lands mortgaged, $20,050 00 

Value of buildings thereon 49,250 00 

Amount of insurance held as collateral, .... 39,640 00 



FRANKLIN MUTUAL FIRE INSURANCE CO. 



41 



Expenditures. 

Cash paid for losses, . . . . 

Deduct salvage and reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, . 
for incidentals, . . . . 
for expenses on real estate, 

Gross cash expenditures, .... 



,383 01 
536 03 



$70,846 98 
25,183 83 
16,410 59 
8,801 46 
2,236 48 
7,786 08 
2,669 13 

. $133,934 55 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $22,363,958 00 $346,859 67 $346,859 67 

Risks written during 1896, . 8,233,831 00 121,384 60 121,384 60 



Total, ...... $30,597,789 00 $468,244 27 $468,244 27 

Risks terminated during 1896, . 10,304,909 00 155,337 30 155,337 30 



In force at end of year, 



,292,880 00 $312,906 97 $312,906 97 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1896, 10 and 20 per cent. 



$62,082 00 



FRANKLIN MUTUAL FIRE INSURANCE COMPANY, 
GREENFIELD. 

[Incorporated Feb. 11, 1828. Commenced business Sept. 29, 1829.] 
NELSON BURROWS, President. JOHN D. BOUKER, Secretary. 



Amount of permanent fund, . 



t,524 52 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

50 shares Greenfield Gas Light Company, . $2,500 00 $2,500 00 

6 " Franklin County National Bank, . 600 00 624 00 



1,100 00 



i,124 00 



42 



FRANKLIN MUTUAL FIRE INSURANCE CO. 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $ 1,000 00 

Stocks, bonds, etc., as per schedule, . . . 3,12-1 00 

Personal loans, . 870 31 

Cash deposited in bank, 6,092 17 

Interest due and accrued, .... 80 44 

Premiums in course of collection (gross), . 1,207 15 

Rents due and accrued, 100 00 

Assessments due, . . . $12,491 08 
Prem's more than three mos. due, 2,938 65 

Gross assets, 



$12,474 07 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 

Gross liabilities, .... 



Impairment, 



$1,523 07 


3,215 


42 


9,808 


56 


243 


18 


2 


85 


205 


07 







14,998 15 
$2,524 08 



Income. 

Premiums outstanding Dec. 31, 1895, . . $6,736 12 

Same not collected, 1,682 07 

Net collected $5,054 05 

Premiums on risks written or renewed, . 16,933 61 

Total, $21,987 66 

Premiums now in course of collection, . 2,463 73 

Entire premiums collected, .... $19,523 93 

Less reinsurance and return premiums, . 4,205 07 

Net cash premiums received, .... 

Interest and dividends received from all sources, 

Income from rents, . . . . . . ... 

Received from assessments, 

Gross cash income, 



|15,318 86 

118 CO 

100 00 

14,083 20 

$29,620 06 



Expenditures. 
Cash paid for losses, . 

Deduct salvage and reinsurance, 
Net cash paid for losses, . 
Cash paid for commissions and brokerage, 



$16,913 06 
169 67 



,743 39 
2,694 39 



GROVELAND MUTUAL FIRE INSURANCE CO. 43 

Cash paid for salaries of officers and employees, . . . $2,581 67 

for State and local taxes, 335 18 

for rents, 156 25 

for incidentals, 1,143 59 



Gross cash expenditures, $23,654 47 

Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $2,743,386 00 $40,052 90 $40,052 90 

Risks written during 1896, . 787,524 00 16,933 61 16,933 61 



Total, .... $3,530,910 00 $56,986 51 $56,986 51 

Risks terminated during 1896, 2,177,156 00 33,940 17 33,940 17 

In force at end of year, . . $1,353,754 00 $23,046 34 f 23,046 34 

Deduct amount reinsured, . 2,400 00 43 25 43 25 



Net amount in force, . $1,351,354 00 $23,003 09 $23,003 09 

Miscellaneous. 
Losses incurred during the year, ...... $10,739 00 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, 

GROVELAND. 

[Incorporated March 28, 1828. Commenced business March 28, 1828.] 

MOSES FOSTER, President. NATHANIEL H. GRIFFITH, Secretary. 

[Note. — This company charges no cash premiums, hut relies upon assessments on deposit 
notes to pay losses and expenses.] 

Summary of Assets Dec. 31, 1896. 
Cash in the office of the company, ... $7 49 

Cash deposited in bank, 632 20 

Gross assets, $639 69 

Liabilities. 
Amount of unpaid losses, .... $300 00 

Gross liabilities, ..... 300 00 



Net cash assets, $339 69 

Income. 

Interest on deposits, . . . . . - . . . . $40 00 

Income from policy fees, . . 153 00 

Assessments on deposit notes, 451 42 



Gross cash income, ........ $644 42 



44 HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

for salaries of officers and employees, . 

for State and local taxes, 

for rents, 



$708 47 


423 


22 


14 


82 


40 


00 



Gross cash expenditures, $1,186 51 

Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, . . . $1,675,193 00 $119,979 59 

Risks written during 1896, .... 353,709 00 25,174 20 



Total, . . . $2,028,902 00 $145,153 79 

Deduct risks expired and terminated, . . 321,177 00 22,745 35 



In force at end of year, $1,707,725 00 $122,408 44 

Miscellaneous. 
Losses incurred during the year, ....... f 108 00 



HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY, 
NORTHAMPTON. 

[Incorporated March 6, 1830. Commenced business July 1, 1832.] 
CHARLES N. CLARK, President. OLIVER WALKER, Secretary. 

Amount of permanent fund, $27,523 66 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 



63 shares Conn. River R.R., 
20 " Northampton National Bank, . 
25 " Chicago, Burl. & Quincy R.R., . 
Chicago, Burlington & Quincy R.R. bonds, 
Conn. River R R. scrip dividend, 
Kansas Pacific R.R. consols, . . 



J6,300 00 $15,750 00 

2,000 00 2,800 00 

2,500 00 1,750 00 

400 00 400 00 

1,000 00 1,000 00 

5,000 00 3,300 00 



$17,200 00 $25,000 00 



Summary of Assets Dec. 31, 1896. 

Loans on mortgage of real estate (first liens *), $16,800 00 

Interest accrued thereon, 319 59 

Stocks, bonds, etc., as per schedule, . . . 25,000 00 

* Value of lands mortgaged, $10,200 00 

Value of buildings thereon, 27,800 00 

Amount of insurance held as collateral 22,800 00 



HAMPSHIRE MUTUAL FIRE INSURANCE CO. 



45 



Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Gross assets, 



$15 '02 
632 10 
376 77 



$43,143 48 



Liabilities. 

Unearned premiums on outstanding risks, . $ 25,885 39 

Profits or surplus on terminated policies, unpaid, 178 85 

State and local taxes, 31 39 

Gross liabilities, . . . . . . 



26,095 63 



Net cash assets, $17,047 85 



$14,474 76 
507 71 



Income. 
Premiums on risks written or renewed, . . 

Entire premiums collected, 

Less reinsurance and return premiums, . . 

Net cash premiums received, .... 

Received for extra premiums, 

Interest received on mortgages, ..... 
Interest and dividends received from all other sources, . 

Gross cash income, , . 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, . 

for rents, 

for incidentals, .... 

Gross cash expenditures, . 



,474 76 



$13,967 05 


90 


99 


1,053 


10 


942 


92 


$16,054 06 


$7,109 20 


6,808 31 


1,566 


50 


. 1,465 


00 


126 


91 


150 00 


225 


37 



$17,451 29 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1895, $3,976,755 00 $55,834 26 

Risks written during 1896, . 1,011,007 00 14,474 76 



Total, $4,987,762 00 

Risks terminated during 1896, . 1,045,642 00 



In force at end of year, 



1,942,120 00 



$70,309 02 
14,755 45 



Conting't Prem's. 

$55,834 26 
14,474 76 

$70,309 02 
14,755 45 



i5,553 57 $55,553 57 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1896, 50 per cent. 



$7,109 00 



46 



HINGHAM MUTUAL FIRE INSURANCE CO. 



HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM. 

[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.] 
WM. FEARING-, 2d, President. HENRY W. CUSHING, Secretary. 

Amount of permanent fund, ....;.. $193,042 98 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

30 shares Hingham National Bank, Hingham, $3,000 00 $3,000 00 

60 " Old Colony Nat'l Bank, Plymouth, 6,000 00 7,500 00 

8 " Abington National Bank, Abington, 800 00 880 00 

10 " Globe National Bank, Boston, . 1,000 00 840 00 
19 " Hamilton National Bank, Boston, . 1,900 00 2,014 00 

29 " Eagle National Bank, Boston, . 2,900 00 2,276 50 
12 " Union National Bank, Boston, . 1,200 00 1,563 00 
34 " State National Bank, Boston, . . 3,400 00 3,680 50 

26 " North America Nat'l Bank, Boston, 2,600 00 2,522 00 

11 " Commerce National Bank, Boston, 1,100 00 1,232 00 

30 " Webster National Bank, Boston, . 3,000 00 3,007 50 
50 " Hingham Water Company, . . 5,000 00 6,000 00 
92 " Old Colony Railroad, . . . 9,200 00 16,284 00 

109 " Boston & Albany Railroad, . . 10,900 00 22,781 00 

27 " Chicago, Burlington &QuincyR.R., 2,700 00 1,896 75 

Eastern Railroad bonds, 5,000 00 5,900 00 

Union Pacific Railroad bonds, .... 5,000 00 5,150 00 

Chicago, Burlington & Quincy Railroad bonds, 5,800 00 6,456 50 

Hingham Water Company bonds, . . . 10,000 00 10,300 00 

Fitchburg Railroad bonds, .... 15,000 00 15,900 00 



Securities held as collateral for cash loans : — 



Helena Consolidated Water Company bonds, 
Boston & Lowell Railroad bonds, 
200 shares Burl , Cedar Rapids & N'th'n R.R 
100 " General Electric Company, 
Current River Railroad bonds, . 
200 shares Union Pacific Railroad, . 
Little Rock & Fort Smith Railroad bonds, 
Union Pacific, Denver & Gulf R.R. bonds, 
Kansas Pacific R.R. bonds, 

85 shares Maine Central R.R., 
200 " Cent. Mass. R.R., . 

50 " Hereford Railway Co., . 
250 " Metropolitan Steamship Co., 



$95,500 00 $119,183 75 



Market Value. Loaned Thereon. 



$23,060 00 $18,964 28 



21,850 00 15,000 CO 



16,810 00 12,000 00 



26,880 00 
87,500 00 



20,000 00 
25,000 00 



$176,100 00 $90,964 28 



HINGHAM MUTUAL FIRE INSURANCE CO. 



47 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Prern's more than three mos. due, . $86 41 
Gross assets, 



31, 1896. 

$15,426 74 

112,700 00 

2,324 54 

119,183 75 

90,964 28 

702 44 

9,620 84 

1,924 90 

593 45 



$353,440 94 



Liabilities. 

Losses claimed and reported, .... $100 00 

Unearned premiums on outstanding risks, . 198,014 82 

Profits or surplus on terminated policies, unpaid, 2,998 20 

Commissions and brokerage, .... 100 92 
Gross liabilities, 



Net cash assets, 



Income 
Premiums outstanding Dec. 31, 1895, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from sale of real estate, 

Gross cash income, . 

Expenditures 
Cash paid for losses, .... 
as profits on terminated policies, 
for commissions and brokerage, 



$986 40 
86 41 

$899 99 
93,029 41 

$93,929 40 
679 86 

$93,249 54 
3,689 67 



sources, . 

$1,500 00 



201,213 94 
$152,227 00 



,559 87 

2,435 20 

5,676 75 

9,750 65 



$107,422 47 



f40,731 17 
58,051 86 
13,480 16 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$58,500 00 
145,950 00 
124,800 00 



48 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



Cash paid for salaries of officers and employees, . 

for State and local taxes, ..... 
for incidentals, 

Gross cash expenditures, 

Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1895, $28,118,083 00 $410,103 87 
Risks written during 1896, . 6,314,904 00 93,029 41 



Total, .... $34,432,987 00 $503,133 28 

Risks terminated during 1896, 5,917,569 00 86,111 66 



In force at end of year, 



,515,418 00 $417,021 62 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1896, 50 and 70 per cent. 



$5,638 
1,028 
1,651 


18 
66 

82 


$120,581 85 


Conting't Prem's. 

$410,103 87 
93,029 41 


$503,133 
86,111 


28 
66 


$417,021 62 


$38,930 00 



HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated March 14, 1843. Commenced business May 23, 1843.] 

CHARLES H. PRICE, President. WALTER L. HARRIS, Secretary. 

THOS H. JOHNSON", Vice-President. 

Guaranty Capital, $100,000. 



Amount of permanent fund, 



$494,105 40 



Detailed Statement 

Wayne County (Mich.) bonds, 
Marion County (Ind.) bonds, . 
Washington County (111.) bonds, 
Boston (Mass.) city bonds, 
Billeriea (Mass.) town bonds, . 
Birmingham (Ala.) city bonds, 
Cincinnati (Ohio) city bonds, . 
Columbus (Ohio) city bonds, . 
Cleveland (Ohio) city bonds, . 
Cambridge (Mass.) city bonds, 
Des Moines (Iowa) city bonds, 
Dayton (Ohio) city bonds, 
Evansville (Ind.) city bonds, . 
Dover (N. H.) city bonds, 
Fitchburg (Mass.) city bonds, . 
Indianapolis (Ind.) city bonds, 
Jersey City (N. J.) city bonds, 



of Stocks, Bonds, etc. 

Par Value. Market Value. 

$10,000 00 $10,000 00 

10,000 00 10,425 00 

2,000 00 2,090 00 

5,000 00 5,075 00 

2,000 00 2,025 00 

5,000 00 3,750 00 

16,000 00 18,660 00 

15,000 00 16,112 50 

13,000 00 13,850 00 

5,000 00 5,525 00 

3,000 00 3,090 00 

10,000 00 10,375 00 

6,000 00 6,000 00 

5,000 00 5,050 00 

2,000 00 2,035 00 

10,000 00 10,000 00 

5,000 00 5,587 50 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



49 



Par Value. Market Value. 

Jeffersonville (Ind.) city bonds, . . . $7,000 00 $7,000 00 

Lynn (Mass ) city bonds, .... 12,000 00 12,320 00 

Lawrence (Mass.) city bonds, .... 5,000 00 5,337 50 

Maiden (Mass.) city bonds, .... 11,00000 11,11500 

Manchester (Mass.) town notes, . . . 3,000 00 3,000 00 

New Haven (Conn.) city bonds, . . . 5,000 00 5,625 00 

Orange (N. J.) city bonds, . . . . 10,000 00 10,750 00 

Omaha (Neb.) city bonds, .... 24,500 00 24,745 00 

Salem (Mass.) city bonds, .... 4,000 00 4,045 00 

St. Louis (Mo.) city bonds, .... 5,000 00 5,212 50 

St. Paul (Minn.) city bonds, .... 25,000 00 26,875 00 

Atchison, Topeka & Santa Fe Railroad bonds, 14,000 00 9,260 00 

Boston & Maine Railroad bonds, . . . 10,000 00 10,100 00 

Baltimore & Ohio Railroad bonds, . . . 10,000 00 10,700 00 

Burlington & Missouri River R.R. (Neb.) bonds, 10,000 00 9,800 00 

Cincinnati, Hamilton & Dayton Railroad bonds, 10,000 00 10,300 00 

Chesapeake & Ohio Railroad bonds, . . 10,000 00 11,700 00 

Cleveland, L. & Wheeling R.R. bonds, . . 10,000 00 10,400 00 

Chicago, Burlington & Northern R.R. bonds, . 10,000 00 10,200 00 

Chicago & Alton R.R. bonds, .... 5,000 00 5,600 00 

Chicago & Eastern Illinois Railroad bonds, . 5,000 00 5,050 00 

Chicago & West Indiana Railroad bonds, . 8,000 00 9,280 00 

Central Pacific Railroad bonds, . . . 3,000 00 3,090 00 

Central New Jersey Railroad bonds, . . 7,000 00 8,260 00 

Eastern Railroad bonds, 10,000 00 11,800 00 

East Middlesex Street Railroad bonds, . . 10,000 00 10,100 00 

Housatonic Railroad bonds, .... 10,000 00 12,000 00 

Jackson, Lansing & Saginaw Railroad bonds, 6,000 00 6.180 00 

Kansas City, St Jo. & C. B. Railroad bonds, . 5,000 00 6,000 00 

Kansas City, Ft. S. & Memphis R.R, bonds, . 8,000 00 6,800 00 

Lehigh Valley Railroad bonds, . . . 5,000 00 5.900 00 

New York & New England Railroad bonds, . 15,000 00 17,370 00 

New Haven & Derby Railroad bonds, . . 20,000 00 22,000 00 

Northwestern Union Railroad bonds, . . 8.000 00 10,800 00 

Penobscot S Line Railroad bonds, . . . 10,000 00 10,300 00 

Terre Haute & Southeastern R.R. bonds, . 5,000 00 5,400 00 

Union Pacific Railroad bonds 28,000 00 25,730 00 

Consolidated Vermont Railroad bonds, . . 2,000 00 1,100 00 

Boston Building Co., Denver, Col., bonds, . 10,000 00 10,200 00 

Col. M. S. Exchange, Denver, Col., bonds, . 10,000 00 10,000 00 

Delaware & Hudson Canal Company bonds, . 5,000 00 7,050 00 

Keokuk Water Company bonds, . . . 10,000 00 ■ 10,200 00 

Western Union Telegraph Company bonds, . 5,000 00 5,250 00 

31 shares Old Colony Railroad, . . . 3,100 00 5,487 00 

50 " Portland, Portsmouth & Saco R.R. , 5,000 00 7,150 0) 

55 " N. Y., New Haven & Hart. R.R., . 5,500 00 9,790 00 

100 " Pitts., F. Wayne & Chic. R.R., . 10,000 00 16,200 00 

40 " National Exchange Bank. Salem, . 4,000 00 3,600 00 



50 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



10 shares First National Bank, Salem, . 

10 " Merchants' National Bank, Salem, 

35 " Mercantile National Bank, Salem, 

41 " Naumkeag National Bank, Salem, 

140 " Salem National Bank, Salem, 

30 " Atlantic National Bank, Boston, 
10 " Blackstone National Bank, Boston 

31 " Continental National Bank, Boston 
50 " Freeman's National Bank, Boston 
30 " Globe National Bank, Boston, 

100 u Merchants' National Bank, Boston 

50 " Republic National Bank, Boston, 

30 " Revere National Bank, Boston, 

100 '* Second National Bank, Boston, 

40 " Shoe & Leather Nat'l Bank, Boston 

10 " Beverly National Bank, Beverly, 

20 " So. Danvers Nat'l Bank, Peabody, 

12 " First National Bank, Newburyport 



Par Value. 

$1,000 00 

500 00 

3,500 00 

4,100 00 

14,000 00 
3,000 00 
1,000 00 
3,100 00 
5,000 00 
3,000 00 

10,000 00 
5,000 00 
3,000 00 

10,000 00 
4,000 00 
1,000 00 
2,000 00 
1,200 00 



Market Value. 

f900 00 

660 00 

3,596 25 

5,207 00 

16,100 00 

3,240 00 

870 00 

3,100 00 

4,350 00 

2,520 00 

15,300 00 

6,900 00 

2,400 00 

17,700 00 

3,600 00 

1,420 00 

2,405 00 

1,536 00 



1631,500 00 8687,626 25 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $56,100 00 

Loans on mortgage of real estate (first liens *), 99,600 00 

Interest due or accrued thereon, . . . 5,835 68 

Stocks, bonds, etc., as per schedule, . . 687,626 25 

Cash in the office of the company, . . . 3,364 08 

Cash deposited in bank, 4,781 25 

Interest due and accrued, 9,478 49 

Premiums in course of collection (gross), . 891 48 

Rents due and accrued, 15 00 

Gross assets, . . . . . 



f867,692 23 



Liabilities. 
Losses claimed and reported, . . 
Losses disputed or resisted, .... 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Profits or surplus on terminated policies, unpaid, 
Commissions and brokerage, .... 
Gross liabilities, 

Net cash assets, 



$2,300 00 

185 00 

308,360 07 

506 91 

1,749 70 

129 73 



313,231 41 



$554,460 82 



* Value of lands mortgaged $88,800 00 

Value of buildings thereon, 143,600 00 

Amount of insurance held as collateral, .... 94,250 00 



HOLYOKE MUTUAL FIRE INSURANCE CO. 



51 



$4,633 36 
165,896 33 

$170,529 69 
891 48 

$169,638 21 
7,483 50 



Income. 

Premiums outstanding Dec. 31, 1895, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Income from rents, .... 

Gross cash income, . . 



Expenditures. 
Cash paid for losses, ..... 
as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for dividend to guaranty capital, 
for incidentals, .... 

Gross cash expenditures, . . ... 



1,728 36 
95 00 



$162,154 71 

1,899 59 

4,562 80 

32,494 85 

1,682 78 

$202,794 73 



$54,888 30 

80,472 21 

25,535 33 

16,654 60 

2,228 06 

7,000 00 

5,578 35 

$192,356 85 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $41,487,508 00 $607,414 43 $607,414 43 

Risks written during 1896, . 11,217,555 00 165,896 33 165,896 33 



Total, .... $52,705,063 00 $773,310 76 $773,310 76 
Risks terminated during 1896, 10,396,201 00 150,706 25 150,706 25 



In force at end of year, . . $42,308,862 00 $622,604 51 $622,604 51 
Deduct amount reinsured, . 57,695 00 454 35 454 35 



Net amount in force, . $42,251,167 00 $622,150 16 $622,150 16 



Miscellaneous. 
Losses incurred during the year, . . . . . 
Profits or surplus returned during 1896, 25, 50 and 70 per cent. 



$55,801 00 



52 



HOME GUARANTY MUTUAL FIRE INSURANCE CO. 



HOME GUARANTY MUTUAL FIRE INSURANCE COMPANY 

OF LOWELL. 

[Incorporated Oct. 3, 1895. Commenced business Jan. 1, 1896.] 
FREDERICK LAWTON, President. WILLIS P. BURBANE, Secretary. 

Amount of guaranty capital, ....... $ 50,000 00 



Summary of Assets Dec. 31, 1896. 

Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Cash in the office of the company, . 

Cash deposited in bank, 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Gross assets, ...... 

Liabilities. 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, . , . . 

Net cash assets, ..... 

Income. 
Premiums on risks written, .... 
Premiums now in course of collection, . 

Entire premiums collected, .... 

Less reinsurance and return premiums, . 

Net cash premiums received, .... 

Interest received on mortgages, 

Interest and dividends received from all other sources, 



$27,455 50 




193 50 




414 86 




26,319 38 




334 19 




6,159 44 






$60,876 87 




$8,142 61 




723 91 






8,866 52 





,010 35 



$19,556 39 
6,159 44 




$13,396 95 
249 29 


$13,147 66 

511 94 

1,583 15 


rces, . 



Gross cash, income, 



,242 75 



Expenditures. 

Cash paid for losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, ...... 

for incidentals, .... 

Gross cash expenditures, .... 



$4,376 19 

2,099 24 

2,000 00 

800 00 

200 00 

1,577 58 

$11,053 01 



* Value of lands mortgaged, . . . 
Value of buildings thereon, . . 
Amount of insurance held as collateral, 



}!30,100 00 
25,500 00 
26,800 00 



INDUSTRIAL MUTUAL INSURANCE CO. 



53 



Risks written during 1896, 
Risks terminated during 1896, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



Risks and Premiums. 

Amount. 

11,434,964 00 
386,993 00 



$1,047,971 00 
21,050 00 



Miscellaneous. 
Losses incurred during the year, 



Cash Prem's. Contlng't Prem's. 

$19,556 39 |19,556 39 



5,736 08 

$13,820 31 
249 29 



5,736 08 

$13,820 31 
249 29 



$1,026,921 00 $13,571 02 $13,571 02 



L.376 00 



INDUSTRIAL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 17, 1890. Commenced business June 1, 1890.] 
B. F. TAFT, President. BENJAMIN TAFT, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 



West End Street R.R. bonds, . 
Fitchburg R.R. bonds, 
Lynn & Boston R.R. bonds, 
Maine Central R.R. bonds, 
Conn. River R.R. scrip, . 
Cheshire R R. bonds, 
100 shares United States Rubber Co 
Corporation notes, . 



Summary of Assets Dec 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, .... 



Par Value. 


Market Value. 


$25,000 00 


$26,000 00 


15,000 00 


15,225 00 


5,000 00 


5,000 00 


15,000 00 


15,150 00 


5,000 00 


5,000 00 


500 00 


511 25 


10,000 00 


7,600 00 


42,500 00 


42,500 00 


$118,000 00 


$116,986 25 


. 31, 1896. 




. $116,986 25 




673 40 




39,999 73 




2,498 30 




1,755 02 




800 00 






$162,712 70 




$81,707 48 




327 41 






82,034 89 





Net cash assets, 



,677 81 



54 



LOWELL MUTUAL FIRE INSURANCE CO. 



Income. 
Premiums outstanding Dec. 31, 1895, ; 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Net cash premiums received, .... 

Interest and dividends received from all sources, 

Gross cash income, 



$5,615 61 
183,557 15 



,172 76 
1,755 02 



- $187,417 74 
7,340 13 

. $194,757 87 



Expenditures. 
Cash paid for losses, . . . 

as profits on terminated policies, . 

for inspections, .... 

for salaries of officers and employees, 

for State and local taxes, 

for joint office expenses, 

for incidentals, .... 

Gross cash expenditures, .... 



|26,721 10 
125,744 10 
2,965 81 
5,502 86 
1,798 74 
7,710 65 
767 42 

. $171,210 68 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstandingDec. 31, 1895, $17,289,870 00 $174,860 26 $874,301 30 

Risks written during 1896, . 20,592,435 00 183,557 15 917,785 75 



Total, . . . . $37,882,305 00 $358,417 41 $1,792,087 05 

Risks terminated during 1896, . 19,463,514 00 195,002 46 975,012 30 



In force at end of year, . 



,418,791 00 $163,414 95 $817,074 75 



Miscellaneous. 
Losses incurred during the year, . . . 
Profits or surplus returned during 1896, 70 per cent. 



$25,030 00 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

[Incorporated March 6, 1832. Commenced business April, 1832.] 
JAMES C. ABBOTT, President. JOSEPH PEABODY, Secretary. 



Amount of permanent fund Dec. 31, 1895, 
Increase during the year, .... 



,476 51 
3,167 11 



Permanent fund Dec. 31, 1896, . 



$83,643 62 



LOWELL MUTUAL FIRE INSURANCE CO. 



55 



Detailed Statement of Stocks, 



Boston & Lowell Railroad bonds, . 
Lowell & Lawrence Railroad bonds, 
Fitchburg Railroad bonds, 
Consolidated Railroad of Vermont bonds, 

Boston city bond, 

Maine Central Railroad bonds, 
30 shares Lowell Bleachery, . 

2 
10 

2 
10 
50 

5 
12 
50 
30 

6 

30 
20 
20 
40 



Pacific Mills, .... 
Lawrence Manufacturing Company, 
Hamilton Manufacturing Company, 
Lowell Manufacturing Company, . 
Massachusetts Cotton Mills, 
Appleton Company, .... 
Merrimack Manufacturing Company, 
Franklin Manufacturing Company, 
Hill Manufacturing Company, 
Vermont & Massachusetts Railroad, 
Boston & Maine Railroad, 
Boston & Lowell Railroad, 
First National Bank, Lowell, . 
Lowell & Andover Railroad, . 



Bonds, etc. 

Par Value. 

$12,000 00 
4,000 00 
10,000 00 
1,000 00 
2,000 00 
6,000 00 
3,000 00 
2,000 00 
1,000 00 
2,000 00 
6,900 00 
5,000 00 
5,000 00 
12,000 00 
5,000 00 
3,000 00 
600 00 
3,000 00 
2,000 00 
2,000 00 
4,000 00 



Market Value. 

$12,210 00 
4,050 00 
10,180 00 
555 00 
2,260 00 
6,120 00 
3,150 00 
3,780 00 
1,207 50 
1,880 00 
5,600 00 
5,200 00 
2,512 50 
13,890 00 
5,212 50 
1,882 50 
912 00 
4,860 00 
4,100 00 
3,440 00 
8,160 00 



Summary of Assets Dec. 

Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc , as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Prem's more than three mos. due, . $59 13 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, . 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Commissions and brokerage, . . . . 
Gross liabilities, . 

Net cash assets, . . . . . 



$91,500 00 


$101,162 00 


31, 1896. 




$8,750 00 




154 04 




101,162 00 




1,465 28 




16,112 40 




1,059 00 




3,285 98 






$131,988 70 




|2,692 04 




52,123 10 




847 80 




462 64 






56,125 58 





$75,863 12 



* Value of lands mortgaged, . . , 
Value of buildings thereon, . . . 
Amount of insurance held as collateral, 



$9,500 00 

10,500 00 

8,000 00 



56 



LOWELL MUTUAL FIRE INSURANCE CO. 



Income. 
Premiums outstanding Dec. 31, 1895, 
Same not collected, ..... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from agency department, . 

Gross cash income, . 



$3,401 82 
429 85 

$2,971 97 
39,348 10 

$42,320 07 
3,285 98 

$39,034 09 
1,532 16 



other sources, . 



$37,501 93 

289 15 

470 00 

4,040 00 

1,625 45 

$43,926 53 



Expenditures. 

Cash paid for losses, . . 

Deduct salvage and reinsurance, 

Net cash paid for losses, 

Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for rents, 

for incidentals, 



Gross cash expenditures, 



,592 16 
175 56 



,416 60 

12,651 34 

4,719 90 

4,454 25 

488 27 

500 00 

2,068 34 

$35,298 70 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1895, $5,457,326 00 



Risks written during 1896, 

Total, 
Risks terminated during 1896, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



2,361,941 00 

$7,819,267 00 
1,936,838 00 

$5,882,429 00 
56,950 00 



Cash Prem's. Conting't Prem's. 

,164 75 $89,164 75 
39,348 10 39,348 10 



$128,512 85 $128,512 85 
29,799 81 29,799 81 



,713 04 $98,713 04 
695 56 695 56 



1,825,479 00 $98,017 48 



,017 48 



Miscellaneous. 

Losses incurred during the year, $9,576 00 

Profits or surplus returned during 1896, 25, 33|, 50 and 70 per cent. 



LUMBER MUTUAL FIRE INSURANCE CO. 



57 



LUMBER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 13, 1895. Commenced business March 28, 1895.] 
W. C. JOHNSON, President. N. M. JEWETT, Secretary. 

Office, 53 Slate Street. 

Summary of Assets Dec 

Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 

Inspections, 

Prem's more than three mos. due, . $68 75 
Gross assets, 

Liabilities. 
Unearned premiums on outstanding risks, 
Gross liabilities, 



Net cash assets, 

Income 

Premiums outstanding Dec. 31, 1895, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, . 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received from interest and all other sources, 

Gross cash income, .... 



|602 82 

17,858 33 

2,844 96 

31 25 

5 00 

5 


$21,342 36 
16,621 17 


$16,621 17 


" 



5,016 11 

89 94 



$2,926 17 
38,309 54 

$41,235 71 
2,913 71 

$38,322 00 
5,679 00 



[,721 19 



$32,643 00 
667 81 

$33,310 81 



Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, . 

Net cash paid for losses, 

Cash paid as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . . - . 

for inspections, . . 

Gross cash expenditures, .... 



> 1,630 03 
2,500 00 



$19,130 03 
2,166 87 
4,829 15 
374 74 
1,474 0.7 
2,264 05 

$30,238 91 



58 



LYNN MUTUAL FIRE INSURANCE CO. 



Risks outstanding Dec. .31, 1895 
Risks written during 1896, 



Risks and Premiums. 

Amount. 

1,288,244 00 
1,776,437 00 



Total, 
Risks terminated during 1896, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



83,064,681 00 

1,467,315 00 

81,597,366 00 

41,050 00 



Cash Prem's. Conting't Prem's. 

$27,175 35 $81,526 05 
38,309 54 114,928 62 



565,484 89 
31,651 02 



33,833 87 
590 33 



$1,556,316 00 $33,243 54 



,454 67 
94,953 06 

$101,501 61 
1,770 99 

,730 62 



Miscellaneous. 

Losses incurred during the year, . ... 
Profits or surplus returned during 1896, 10 per cent. 



$21,630 00 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 

[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.] 
RUFUS KIMBALL, President. ISRAEL AUGUSTUS NEWHALL, Secretary. 

Amount of permanent fund, $56,910 38 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

40 shares First National Bank, Lynn, . . $4,000 00 $6,000 00 

20 " National City Bank, Lynn, . . 2,000 00 3,700 00 

5 " Central National Bank, Lynn, . . 500 00 800 00 

10 " Merchants' National Bank, Boston, . 1,000 00 1,575 00 

15 " West Newton National Bank, . . 1,500 00 1,890 00 

Chicago, Milwaukee & St. Paul R R. bonds, . 1,000 00 1,160 00 

Southern Pacific Railroad bonds, . . . 500 00 575 00 

Atlantic & Pacific Railroad bonds, . .■ . 1,000 00 400 00 

Mexican Central Railroad bonds, . . . 1,000 00 670 00 

Toledo city bonds, 1,000 00 1,040 00 

Lynn & Boston Railroad bonds, . . . 3,000 00 3,150 00 

Chicago & Great Western Railroad bonds, . . 2,000 00 2,000 00 

Ohio & West Virginia Railroad bonds, . . 1,000 00 1,170 00 

Ogdensburg & Lake Champlain R.R. bonds, . 2,000 00 1,800 00 

East Middlesex Railroad bonds, . . . 2,000 00 2,000 00 

Equitable Mortgage Company bonds, . . 1,000 00 800 00 

Atchison, Topeka & Santa Fe Railroad bonds, 3,450 00 2,290 50 

City of Sioux City bond, 500 00 520 00 

Boston, Revere Beach & Lynn Railroad bonds, 2,000 00 2,020 00 

Atchison, Topeka & Santa Fe Railroad stock, 4,750 00 1,062 00 



$35,200 00 $34,622 50 



LYNN MUTUAL FIRE INSURANCE CO. 



59 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
All other cash loans, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Prem's more than three mos. due, . $14 00 
Gross assets, 



31, 1896. 

$1,648 99 

20,949 00 

685 63 

34,622 50 

3,596 20 

108 77 

58 42 

665 29 

42 43 

126 00 



$70 25 
14 00 



Liabilities. 
Losses claimed and reported, .... $79 33 

Unearned premiums on outstanding risks, . 14,182 45 

Profits or surplus on terminated policies, unpaid, 362 50 

Gross liabilities, 

Net cash assets, 

Income 
Premiums outstanding Dec. 31, 1895, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 



$56 25 
5,962 14 


$6,018 
42 


39 
43 


$5,975 
338 


96 
68 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, .... 

Gross cash expenditures, .... 



$62,503 23 



14,621 28 

$47,878 95 



$5,637 


28 


75 


80 


1,172 


87 


1,579 


23 



5,465 18 



M,145 5Q 

5,215 40 

2,200 00 

53 80 

288 00 

458 58 

59,361 34 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$21 
29 
28 



850 00 
000 00 
600 00 



60 merchants' and FARMERS' mutual FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1895, f 2,025,350 00 
Risks written daring 1896, . 429,472 00 



Total 12,454,822 00 

Risks terminated during 1896, . 411,027 00 



In force at end of year, 



Cash Prem's. Conting't Prem's. 

1,637 80 $53,275 60 
5,962 14 11,924 28 



$32,599 94 
5,572 02 



!,043,795 00 f27,027 92 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1896, 100 per cent. 



$65,199 88 
11,144 04 

$54,055 84 
$1,203 00 



MERCHANTS' AND FARMERS 1 MUTUAL FIRE INSURANCE 

COMPANY, WORCESTER. 

[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.] 
JOHN D. WASHBURN, President. ELIJAH B. STODDARD, Secretary. 



Amount of permanent fund, 



Detailed Statement of Stocks, Bonds, etc. 



105 shares Atch., Topeka & Santa Fe R.R., 
50 " Union Pacific Railroad, . 
25 " Wachusett National Bank, 
20 " Westminster National Bank, 
20 " Central National Bank, . 
13 " Mechanics' National Bank, 
25 " Quinsigamond National Bank, 
29 " Wor., Nashua & Rochester R R., 
56 " Chicago & Alton Railroad, 
25 " Chicago, Burlington & Quincy R.R 
61 " Boston & Albany Railroad, 
34 " Providence & Worcester Railroad 
25 " Norwich & Worcester Railroad, 
10 " Boston & Maine Railroad, 
Providence & Worcester Railroad bonds, 
Lawrence city bonds, .... 
Eastern Railroad of Minnesota bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Atchison, Topeka & Santa Fe R.R. bonds, 
City of Grand Haven, Mich., bonds, 
Corporation notes, ..... 



Par Value. 

$10,500 00 

5,000 00 

2,500 00 

2,000 00 

2,000 00 

1,300 00 

2,500 00 

2,900 00 

5,600 00 

2,500 00 

6,100 00 

3,400 00 

2,500 00 

1,000 00 

25,000 00 

10,000 00 

5,000 00 

500 00 

10,500 00 

10,000 00 

750 00 



1121,574 43 



Market Value. 

$1,875 00 
450 00 
5,000 00 
2,000 00 
2,900 00 
1,300 00 
3,625 00 
3,277 00 
8,960 00 
1,750 00 

12,810 00 
8,500 00 
5,000 00 
1,620 00 

25,000 00 

11,500 00 

5,250 00 

500 00 

7,105 00 

10,000 00 
750 00 



$111,550 00 $119,172 00 



merchants' and farmers' mutual FIRE INSURANCE CO. 61 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $33,800 00 

Loans on mortgage of real estate (first liens *) , 62,250 00 

Interest due or accrued thereon, . . . 10,906 05 

Stocks, bonds, etc., as per schedule, . . 119,172 00 

Personal loan, . . . . . . 413 43 

Cash deposited in bank, 7,359 58 

Interest due and accrued, 1,400 00 

Premiums in course of collection (gross), . 10,017 82 
Prem's more than three mos. due, $2,666 51 

Gross assets, 



$245,318 88 



Liabilities. 

Losses adjusted, unpaid, $2,930 76 

Unearned premiums on outstanding risks, . 167,082 20 

Profits or surplus on terminated policies, unpaid, 4,500 00 

Commissions and brokerage, .... 1,866 30 

Gross liabilities, 

Net cash assets, 



176,379 26 



$68,939 62 



Income. 

Premiums outstanding Dec. 31, 1895, . . $10,390 92 
Same not collected, 2,314 80 

Net collected, $8,076 12 

Premiums on risks written or renewed, . . 114,243 31 

Total, $122,319 43 

Premiums now in course of collection, . . 12,684 33 

Entire premiums collected, .... $109,635 10 

Less reinsurance and return premiums, . . 4,158 91 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all sources, 

Income from rents, ..... 



Gross cash income, 



$105,476 19 

880 79 

1,435 03 

5,777 01 

1,123 26 

$114,692 28 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$71,500 00 
96,000 00 
61,350 00 



62 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



Expenditures. 
Cash paid for losses, 

as profits on terminated policies, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, . . . 

Gross cash expenditures, . 



$43,414 95 

47,295 15 

16,557 70 

7,503 34 

2,003 52 

4,688 27 

$121,462 93 



Risks and Premiums. 

Amount. Cash Prem's, Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $22,926,784 00 $342,763 71 $342,763 71 

Risks written during 1896, . 7,488,806 00 114,243 31 114,243 31 



Total, .... $30,415,590 00 $457,007 02 $457,007 02 

Risks terminated during 1896, . 7,886,317 00 115,977 55 115,977 55 

In force at end of year, . . $22,529,273 00 $341,029 47 $311,029 47 

Miscellaneous. 

Losses incurred during the year, $42,170 00 

Profits or surplus returned during 1896, 20, 40 and 60 per cent. 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, ANDOVER. 

[Incorporated Feb. 7, 1828. Commenced business April 8, 1828.] 
WM. S. JENKINS, President. JOSEPH A. SMART, Secretary. 

Amount of permanent fund, $150,206 00 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Cincinnati city bonds, $16,000 00 $19,085 00 

Fall River city bonds, . ... . 10,000 00 10,250 00 

Lynn city bonds, 5,000 00 5,475 00 

United States bonds, 26,000 00 26,864 00 

Cambridge Horse Railroad bond, . . . 13,000 00 13,520 00 

Metropolitan Horse Railroad bonds, . . 10,000 00 10,400 00 

Boston & Maine Railroad bonds, . . . 2,000 00 2,060 00 

Old Colony Railroad bonds, .... 10,000 00 10,100 00 

Chicago, Burlington & Quincy R.R. bonds, . 10,000 00 10,600 00 

Chicago & Northwestern Railroad bonds, . 5,000 00 5,450 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 5,000 00 5,600 00 

Lynn & Boston Horse Railroad bonds, . . 6,000 00 6,000 00 

Salem (Ohio) Water Company bonds, . . 6,000 00 4,740 00 

Helena (Montana) Water Company bonds, . 5,000 00 4,000 00 

Chicago, Wisconsin & Minn. RR. bonds, . 5,000 00 5,000 00 



MERRIMACK MUTUAL FIRE INSURANCE CO. 



G3 



Northern Pacific & Montana Railroad bonds, 

Chicago, Peoria & St. Louis Railroad bonds, 

50 shares Boston Investment Company, 

Cleveland Cable bonds, . 

Andover Electric Company bonds, . 

Andover water bonds, 

Danvers water bonds, 

Seattle city bonds, .... 

15 shares Lawrence National Bank, 

10 " Andover National Bank, . 



Par Value. 

$10,000 00 
5,000 00 
5,000 00 
8,000 00 
5,500 00 
12,000 00 
10,000 00 
5,000 00 
1,500 00 
1,000 00 



Market Value. 

$4,100 00 

3,500 00 

500 00 

8,000 00 

6,050 00 

12,720 00 

10,650 00 

4,900 00 

1,800 00 

980 00 



$197,000 00 $192,344 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



$8,000 00 

83,655 00 

1,404 61 

192,344 00 

1,626 19 

6,298 10 

3,661 66 

11,507 01 



$308,496 57 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid 
Commissions and brokerage, . 

Gross liabilities, .... 



Net cash assets, 



$6,685 39 

1,600 00 

229,031 40 

4,585 65 

1,785 92 



243,688 36 
$64,808 21 



Income. 

Premiums outstanding Dec. 31, 1895, 
Same not collected, . . . 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, . 



$12,100 93 
603 07 

$11,497 86 
122,983 70 

$134,481 56 
11,507 01 

$122,974 55 
3,832 23 



$119,142 32 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$171,950 00 
102,970 00 



64 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



Received for extra premiums, $1,422 89 

Interest received on mortgages, ...... 1,820 39 

Interest and dividends received from all other sources, . . 11,830 00 

Gross cash income, . . $134,215 60 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$31,778 86 

54,874 64 

18,190 35 

6,666 00 

1,137 37 

4,303 29 

$116,950 51 



Risks and Premiums. 

Amount. Cash Prem's. ContingM; Prem's. 

Risks outstanding Dec. 31,1895, $29,784,808 00 $465,658 34 $465,658 34 

Risks written during 1896, . 7,802,042 00 122,983 70 122,983 70 



Total, ..... $37,586,850 00 $588,642 04 $588,642 04 
Risks terminated during 1896, . 7,472,174 00 115,629 51 115,629 51 



In force at end of year, . .$30,114,676 00 $473,012 53 $473,012 53 

Miscellaneous. 

Losses incurred during the year, $36,210 00 

Profits or surplus returned during 1896, 20, 40 and 60 per cent. 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD. 

[Incorporated March 3, 1826. Commenced business March 29, 1826.] 
RICHARD F. BARRETT, President. WILLIAM BARRETT, Secretary. 



Amount of permanent fund, 



$327,532 84 



Detailed Statement of Stocks, 

33 shares Blackstone National Bank, Boston, 
15 
26 
53 
25 
54 
30 
113 



Merchants' National Bank, Boston, 
Webster National Bank, Boston, 
Boston National Bank, Boston, 
Eliot National Bank, Boston, . 
Howard National Bank, Boston, 
Revere National Bank, Boston, 
Shawmut National Bank, Boston, 



Bonds, etc. 

Par Value. 

$3,300 00 
1,500 00 
2,600 00 
5,300 00 
2,500 ' 00 
5,400 00 
3,000 00 

11,300 00 



Market Value. 

$2,862 75 
2,295 00 
2,609 75 
4,690 50 
3,050 00 
4,725 00 
2,407 50 

12,712 50 



MIDDLESEX MUTUAL FIIiE TS8URARCE CO. 



: 



20 shares Faneuil Hall Nat 1 ! Bank, Boston, 



44 
10 

30 
18 
10 
3 
30 
33 
57 

100 
50 
216 
26S& 

120 
50 



2 « 

5 



No. American Nat'l Bank, Boston, 
Central National Bank, Boston, 
Hancock National Bank, Boston, 
State National Bank, Boston, . 
Market National Bank, Boston, 
Suffolk National Bank, Boston, 
Commercial Nafl Bank, Boston, 
Concord National Bank, Concord, 
Boston & Albany Railroad, 
Cleveland & Canton Railroad, 
Fitehburg Railroad, 
Philadelphia, Wil. & Bait. R.R., 
Chicago, Burl. & Quincy Railroad 
Atchison, Topeka & Santa Fe R.R., 
Pullman Palace Car Co., 
Massachusetts Real Estate Co., 

Eastern Railroad bonds, .... 

Burlington & Missouri Railroad bonds, . 

Chicago, Burlington & Quincy R.R. bonds, 

Portland & Ogdensburg R.R. bonds, 

Akron & Chicago June. Railroad bonds, . 

Chicago, Burlington & Northern R.R. bonds, 

Atchison, Topeka & Santa Fe Railroad bonds 

Fitchbur£ Railroad bonds, 

Cincinnati, Ham. & Dayton Railroad bonds, 

Concord & Montreal Railroad bonds, 

Conn. & Passumpsic River3 R.R. bonds, 

Cleveland, L. & Wheeling R.R bonds, 

Old Colony R.R. bonds, . 

Boston & Lowell R.R. bonds, . 

Boston & Albany R.R. bonds, . 

Penobscot Shore Line R.R. bonds, 

East Middlesex Street Railway bonds 

Globe Street Railway bonds, . 

Illinois Steel Company bonds, 

United States bonds, 

Bath city bonds, 

Toledo city bonds, . 

Cambridge city bonds, 

Omaha city bonds, . 

Concord water bonds, 



Par Valne. 

$2,000 00 
4,400 00 

1,000 00 

1/500 00 

1,000 00 

300 00 

3,000 00 

3,300 00 

5,700 00 

'2 00 

10,000 00 

2,500 00 

21,600 00 

26,390 00 

12,000 00 

5,000 00 

6,000 00 

7,000 00 

14,000 00 

20,000 00 

10,000 00 

2,000 00 

3,450 00 

20,000 00 

10,000 00 

25,000 00 

15,000 00 

10,000 00 

1,000 00 

15,000 00 

8,000 00 

5,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

3,000 00 

10,000 00 

20,000 00 

5,000 00 

4,500 00 



Market Value. 

$2,5" : 

4,2'. 
1,15 

2,1''- 

1,9.; 
".'. 00 
324 00 

2,400 00 

12,0L" 

154 91 

9,300 00 

3,000 00 

15,201 00 

4,041 15 

18,960 00 

1,000 00 

7,125 00 

6,860 00 

14,480 00 

20,750 00 

10,550 00 

2,070 00 

2,286 75 

20,050 00 

10,600 00 

25,875 00 

15,525 00 

10,500 00 

1,045 00 

15,750 00 

8,400 00 

5,118 75 

10,050 00 

10,000 00 

9,600 00 

11,125 00 

3,292 50 

10,750 00 

21,500 00 

5,150 00 

5,050 00 



Securities held as collateral for cash loans : — 

10 shares Ashland Water Co., .... 
8 " American Powder Mills, . 



,692 00 $383,322 56 



Market Value. Loaned Thereon. 

8900 00 ) 

1,240 00 *VJ°0 00 



6Q 



MIDDLESEX MUTUAL FIRE INSURANCE CO. 



Market Value. Loaned Thereon. 



9 shares Chicago & West Michigan R.R 

8 " New England Tel. & Tel. Co., 

71 " Illinois Steel Co., 

58 " Pemberton Mills, 

60 " Chicago, R. I. & P. -Railroad, 

7 " American Bell Telephone Co., 

40 " American Powder Mills, . 



$45 00^ 

824 00 i 
3,550 00 f 
5,800 00 j 
4,215 00 
1,442 00 
6,200 00 



58,500 00 

2,000 00 
1,000 00 
2,500 00 



$24,216 00 $15,800 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
All other cash loans, .... 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



31, 1896. 

$31,700 00 

94,525 00 

3,979 13 

383,322 56 

15,800 00 

28,669 51 

2,324 82 

14,341 33 

4,662 01 

20,046 11 

700 00 



,070 47 



Liabilities. 

Losses claimed and reported, .... $1,537 50 

Losses disputed or resisted, .... 800 00 

Unearned premiums on outstanding risks, . 305,540 71 

Profits or surplus on terminated policies, unpaid, 6,3 13 06 

Commissions and brokerage, .... 2,830 80 

Gross liabilities, . . . . . 



317,022 07 



Net cash assets, . $283,048 40 



Income. 

Premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 



Total, . . . 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 



$19,156 23 
159,865 26 

$179,021 49 
20,046 11 

$158,975 38 
2,563 45 



$156,411 93 



* Value of lands mortgaged, $85,400 00 

Value of buildings thereon 153,300 00 

Amount of insurance held as collateral, .... 104,000 00 



MUTUAL FIRE ASSURANCE CO. 



G7 



sources, 



Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 
Balance profit and loss account, 

Gross cash income, 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 

for incidentals, 

for repairs on real estate, 

Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1895, $39,191,664 00 
Risks written during 1896, . 10,680,866 00 



Total, .... 
Risks terminated during 1896, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$49,872,530 00 

8,424,705 00 

$41,447,825 00 

38,975 00 



Cash Prem's. 

$584,105 51 
159,865 26 

$743,970 77 
123,591 69 

,379 08 
511 94 



$1,945 00 

4,564 75 

19,214 69 

404 85 

1 00 

$182,542 22 



$50,071 19 

71,336 21 

23,675 05 

10,680 00 

2,024 46 

5,129 77 

4,000 00 

$166,916 68 



Conting't Prem's. 

$584,105 51 
159,865 26 



,970 77 
123,591 69 

f620,379 08 
511 94 



$41,408,850 00 $619,867 14 $619,867 14 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1896, 25,50 and 70 percent. 



$51,461 00 



MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD. 

[Incorporated Feb. 23, 1827. Commenced business July 26, 1827.] 
GEO. B. HOLBROOK, President. FRANK R. YOUNG, Secretary. 

Amount of permanent fund, . . . . . ... $117,216 93 



Detailed Statement of Stocks, Bonds, etc. 



Vermont Valley Railroad bonds, 
Chicago, Burlington & Northern R.R. bonds, 
Western Union Telegraph bonds, . 
Chesapeake & Ohio Railroad bonds, 
Ohio Southern Railroad bonds, 



Par Value. 

$4,000 00 

500 00 

7,000 00 

4,000 00 

3,000 00 



Market Value . 

$4,240 00 

500 00 

7,560 00 

4,240 00 

2,850 00 



68 



MUTUAL FIKE ASSURANCE CO. 



Atchison, Topeka & Santa Fe R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Philadelphia, Wilmington & Bait. R.R. bonds, 

Holyoke Street R.R. bonds, 

Boston & Albany R.R. bonds, . 
75 shares Second National Bank, Springfield 
61 " Chicopee Nat'l Bank, Springfield, 
25 " John Hancock Nat'l Bank, Spr'ld, 
25 " First National Bank, Springfield, 
25 " Chapin National Bank, Springfield 
10 " Monson National Bank, Monson, 
10 " First National Bank, Chicopee, 
50 " Hadley Falls Nat'l Bank, Holyoke, 
20 " Springfield Nat'l B'k, Springfield, 
50 " Commerce Nat'l Bank, Boston, 

100 " Boston & Albany R.R., . 

150 " N. Y. Central & Hudson River R.R 
55 " Chicago, Burl. & Quincy R.R , 
40 " Lake Shore & Mich. R.R., . 



Par Value. 

$5,000 00 

500 00 

4,000 00 

6,000 00 

10,000 00 
7,500 00 
6,100 00 
2,500 00 
2,500 00 
2,500 00 
1,000 00 
1,000 00 
5,000 00 
2,000 00 
5,000 00 

10,000 00 

15,000 00 
5,500 00 
4,000 00 



Market Value. 

$5,000 00 

450 00 

4,200 00 

6,300 00 

10,500 00 

9,750 00 

9,455 00 

2,700 00 

2,700 00 

3,175 00 

1,500 00 

1,400 00 

7,750 00 

2,800 00 

5,450 00 

21,000 00 

13,800 00 

3,850 00 

6,080 00 



$113,600 00 $137,250 00 



Summary of Assets Dec. 31, 1896. 

Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Prem's more than three mos. due, . $379 25 
Gross assets, 

Liabilities. 

Losses adjusted, unpaid, 

Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Gross liabilities, 



Net cash assets, 



$26,170 65 




250 08 




137,250 00 




504 39 




4,388 14 




459 57 




629 13 






$169,651 96 




$2,125 00 




41,496 17 




73 79 






43,694 96 






$125,957 00 



Income. 

Premiums on risks written or renewed, . 
Premiums now in course of collection, . 
Net cash premiums received, . 



$17,582 32 
1,008 38 



,573 91 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$16,700 00 
32,500 00 
29,600 00 



MUTUAL PROTECTION FIRE INSURANCE CO. 



69 



Received for extra premiums, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, 



Gross cash expenditures, . 



Risks and Premiums. 

Amount. Cash Prem's. 

Risks outstanding Dec. 31, 1895, $4,984,048 00 $ 78,814 12 

Risks written during 1896, . 1,202,952 00 17,582 32 



8364 05 

1,315 49 

6,173 80 

$24,427 28 



$2,342 70 

12,054 17 

4,242 00 

169 87 

500 00 

481 51 

|19,790 25 



Conting't Prem's. 

$78,814 12 
17,582 32 



Total, . 

Risks terminated during 1896, . 

In force at end of year, . 



1,187,000 00 $96,396 44 
957,050 00 15,120 94 



$5,229,950 00 



11,275 50 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1896, 90 per cent. 



,396 44 
15,120 94 



,275 50 



t,558 00 



MUTUAL PROTECTION FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated April 10, 1861. Commenced business July 15, 186L] 
CEO. B. NEAL, President. GEO. H. PENDERGAST, Secretary. 

Office, Thompson Square, Charlesiown. 
Amount of permanent fund, . $52,639 30 

Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

10 shares Monument National Bank, . . $1,000 00 $2,350 00 

20 " National Bank of the Republic, . 2,000 00 2,840 00 

31 " Charlestown Gas and Electric Co., . 1,550 00 2,170 00 

10 " Somerville Electric Light Co., . 1,000 00 1,000 00 

50 " Atch., Top. & Santa Fe R.R., . . 5,000 00 700 00 

Northern Pacific Railroad bonds, . . . 2,000 00 2,260 00 



$12,550 00 $11,320 00 



70 



MUTUAL PROTECTION FIRE INSURANCE CO. 



Summary op Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $14,900 00 

Loans on mortgage of real estate (first liens), 43,800 00 

Interest due or accrued thereon, . . . 2,171 09 

Stocks, bonds, etc., as per schedule, . . 11,320 00 

Cash in the office of the company, . . . 1,336 83 

Cash deposited in bank, 7,143 99 

Premiums in course of collection (gross), . 1,630 93 

Rents due and accrued, 137 00 

Prem's more than three mos. due, . $553 79 

Gross assets, 



$82,439 84 



Liabilities. 

Losses adjusted, unpaid, $1 81 

Losses claimed and reported, .... 900 00 

Unearned premiums on outstanding risks, . 19,757 57 

Profits or surplus on terminated policies, unpaid, 109 68 

Gross liabilities, 



20,769 06 



Net cash assets, 



11,670 78 



Income 
Premiums outstanding Dec. 31, 1895, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Received for extra premiums, . 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, etc., . 



Gross cash income, 



$2,069 91 

246 56 

$1,823 35 

15,634 89 

$17,458 24 

2,184 72 

$15,273 52 

636 52 



sources, 



$14,637 


00 


63 


07 


1,254 57 


715 


37 


422 


00 


$17,092 01 



Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, 

Net cash paid for losses, 



>,453 79 
263 33 



1,190 46 



NEWBURYPORT MUTUAL FIRE INSURANCE CO. 



71 



Cash paid as profits on terminated policies, 
for commissions and brokerage, 
for State and local taxes, . 

for rents, 

for incidentals, .... 

Gross cash expenditures, . 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1895, $1,767,765 00 
Risks written during 1896, . 975,349 00 



Total, $2,743,114 00 

Risks terminated during 1896, . 513,345 00 



$1,986 03 

3,127 02 

587 65 

500 00 

669 12 

$9,060 28 



Cash Prem's. Conting't Prem's. 

$24,442 15 $24,442 15 
15,634 89 15,634 89 



,077 04 
5,989 16 



In force at end of year, 



52,229,769 00 $34,087 88 



Miscellaneous. 

Losses incurred during the year, . . . . 

Profits or surplus returned during 1896, 20, 40 and 70 per cent. 



$40,077 04 
5,989 16 

$34,087 88 
$3,092 00 



NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY, 

NEWBURYPORT. 

[Incorporated Feb., 1829. Commenced business May 1, 1829.] 
President* LAWRENCE W. BROWN, Secretary. 



Amount of permanent fund, .... 
Detailed Statement op Stocks, 

100 shares Mer. Nat'l Bank, Newburyport, 
9 

31 
15 
10 
10 
10 
10 
9 

14 
20 



Mech. Nat'l Bank, Newburyport, 
Ocean Nat'l Bank, Newburyport, 
Washington Nat'l Bank, Boston, 
Hide & Lea. Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . 
Shoe & Lea. Nat'l Bank, Boston, 
Hancock Nat'l Bank, Boston, 
Chic June. & Stock Yard R R., 
Chic , Burlington & Quincy R.R., 
Boston & Maine R.R., 

General Electric bonds, 

U. S. Rubber preferred bonds, 

Westinghouse preferred bonds, 

Rutland Railroad bonds, 

Chic, Burl. & Northern Railroad bonds, 



Bonds, etc. 

Par Value. 

$2,000 00 

900 00 
1,550 00 
1,500 00 
1,000 00 
1,000 00 
1,000 00 
1,000 00 

900 00 
1,400 00 
2,000 00 

500 00 
1,000 00 

530 00 
1,500 00 
2,000 00 



$27,021 89 



Market Value. 

$2,300 00 

990 00 

1,550 00 

1,522 50 

1,080 00 

750 00 

900 00 

950 00 

947 00 

1,057 00 

3,320 00 

455 00 

800 00 

520 00 

1,040 00 

2,040 00 



* Vacancy caused by death of Amos Noyes not filled at date of rendering annual statement. 



72 



NEWBURYPOKT MUTUAL FIRE INSURANCE CO. 



Atch., Topeka & Santa Fe R.R. bonds, 
Consolidated Railroad of Vermont bonds, 
Fall River city bonds, .... 
Chicago & Northwestern R.R. bonds, 

St. Paul R.R. bonds, 

Western Union bonds, ..... 



Par Value. 

J 1,000 00 
2,000 00 
1,000 00 
1,000 00 
900 00 
1,000 00 



Market Value. 

$135 00 
1,160 00 
1,000 00 
1,000 00 
900 00 
850 00 



$26,680 00 $25,266 50 



Summary of Assets Dec. 81, 1896. 

Loans on mortgage of real estate (first liens*), $700 00 

Interest due or accrued thereon, ... 19 00 

Stocks, bonds, etc., as per schedule, . . 25,266 50 

Loans on personal security, . . . 100 00 

Cash deposited in bank, 3,075 61 

Gross assets, . . . . . . 



$29,161 11 



Liabilities. 
Losses adjusted unpaid, .... 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 

Gross liabilities, .... 



$21 60 

5,046 63 

25 00 



5,093 23 



Net cash assets, 



$24,067 88 



Income. 

Premiums on risks written or renewed, . t 

Less reinsurance and return premiums, . 

Net cash premiums received, .... 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Income from policy fees, 

Gross cash income, 



$2,914 75 




47 44 






$2,867 31 




. 


38 50 


roes, . 


1,357 00 


• 


77 00 



1,339 81 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for rents, ...... 



Gross cash expenditures, 



$22 32 

2,798 77 

432 47 

45 10 

321 52 

^3,620 18 



* Value of lands mortgaged, . . 

Value of buildings thereon, 
Amount of insurance held as collateral, 



$900 00 

1,400 00 

600 00 



NORFOLK MUTUAL FIRE INSURANCE CO. 



73 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31,1895, $719,135 00 $9,085 58 $36,342 32 

Risks written during 1896, . 211,075 00 2,914 75 11,659 00 



In force at end of year, 



Total, $930,210 00 $12,000 33 $48,001 32 

Risks terminated during 1896, . 229,885 00 2,830 01 11,320 04 



,325 00 $9,170 32 $36,681 28 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1896, 100 per cent. 



$44 00 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.] 
J. WHITE BELCHER, President. ELIJAH HOWE, Jb„ Secretary. 



Amount of permanent fund, 



$334,201 14 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Old Colony R.R. stock, $10,000 00 $17,800 00 

Boston & Lowell R.R. stock, .... 7,500 00 15,450 00 

Boston & Albany R.R. stock, .... 12,500 00 26,125 00 

Boston & Providence R.R. stock, . . . 2,000 00 5,260 00 

Chicago, Burlington & Quincy R R. stock, . 10,000 00 7,000 00 

Atchison, Topeka & Santa Fe R.R. stock, . 30,340 00 6,078 20 

Dedham Water Company stock, . . . 5,000 00 5,000 00 

Lynn city bonds, 10,000 00 10,700 00 

Salem city water bonds, 5,000 00 5,250 00 

Randolph town notes, 9,300 00 9,300 00 

Cincinnati city bonds, 25,000 00 29,000 00 

Boston city bonds, 10,000 00 11,000 00 

Boston &'Maine Railroad bonds, . . . 10,000 00 10,400 00 

Washington County (111.) bonds, . . . 5,000 00 5,000 00 

N. H. Trust Company bonds, .... 9,000 00 6,000 00 

Western Security Company bonds, . . . 5,000 00 2,500 00 

N. E. Mortgage Security Co. bonds, . . . 23,000 00 20,700 00 

Lombard Investment Company bonds, . . 3,100 00 1,850 00 

Portland & Rumford Falls R.R. bonds, . '. 8,000 00 8,400 00 

Boston & Maine R.R. bonds, .... 15,000 00 17,400 00 

Boston & Providence Railroad bonds, . . 20,000 00 21,000 00 

Boston & Lowell Railroad bonds, . . . 20,000 00 20,750 00 



74 



NORFOLK MUTUAL FIRE INSURANCE CO. 



Maine Central Railroad bonds, 

Oregon Short Line Railroad bonds, . 

Kan. City, St. J. & Council Bluffs R.R. bonds, 

Concord & Montreal R.R. bonds, 

Atchison, Topeka & Santa Fe R R. bonds, 

Northern Pacific Railroad bonds, 

Philadelphia & Reading R.R. bonds, 

Old Colony R.R. bonds, . . • . 

Union Pacific Railway bonds, . 

Fremont, Elkhorn & Mo. Valley R.R. bonds, 

Fitchburg Railroad bonds, 

Grand Avenue R'y, Kansas City, bonds, . 

Consolidated Street Railway Co. bonds, . 

Minneapolis Gas Light Co. bonds, . 

Conn. & Passumpsic Rivers R.R. bonds, . 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (tirst liens) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Cash in office and bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



Par Value. 

$15,000 00 

10,000 00 

9,000 00 

10,000 00 

34,500 00 

3,000 00 

8,000 00- 

22,000 00 

25,000 00 

5,000 00 

20,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 



Market Value. 

$15,850 00 

11,000 00 

10,620 00 

10,300 00 

22,710 00 

3,420 00 

10,160 00 

22,500 00 

22,900 00 

6,300 00 

20,000 00 

4,800 00 

5,250 00 

5,000 00 

5,100 00 



$436,240 00 $437,873 20 

31, 1896. 

$14,000 00 

42,032 00 

648 25 

437,873 20 

5,978 35 

5,386 48 

5,748 23 

337 50 

$512,004 01 



Liabilities. 

Losses claimed and reported, .... $5,174 20 

Unearned premiums on outstanding risks, . 150,993 12 

Return premiums on cancelled policies, . . 198 23 

Profits or surplus on terminated policies, unpaid, 4,716 64 

Commissions and brokerage, .... 862 23 
Gross liabilities, 



Net cash assets, 



Income 
Premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 



$6,624 99 
68,851 67 

$75,476 66 
5,748 23 



,728 43 
613 92 



161,914 42 
$350,059 59 



$69,114 51 



OLD COLONY MUTUAL FIRE INSURANCE CO. 



75 



Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, ........ 



Gross cash income, 



$2,369 17 

19,621 26 

1,097 87 



$92,202 81 



Expenditures. 
Cash paid for losses, . . . . 

as profits on terminated policies, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for rents and incidentals, 
for expenses on real estate, 

Gross cash expenditures, .... 



$22,384 46 

36,002 09 

10,184 31 

6,658 71 

983 82 

1,678 66 

381 39 



,273 44 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31 , 1895, $20,638,371 00 $299,827 24 f 299,827 24 

Risks written during 1896, . 4,691,383 00 68,851 67 68,851 67 



Total, $25,329,754 00 $368,678 91 $368,678 91 

Risks terminated during 1896, . 3,888,819 00 57,343 52 57,343 52 



In force at end of year, . 



!,440,935 00 $311,335 39 $311,335 39 



Miscellaneous. 
Losses incurred during the year, ...... $27,559 00 

Profits or surplus returned during 1896, 25, 33|, 50 and 70 percent. 



OLD COLONY MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated March 13, 1894. Commenced business April 10, 1894.] 
FRANCIS PEABODY, Jr., President. RAYMOND HAYES, Secretary. 

Office, 108 Water Street 



Summary of Assets Dec. 31, 1896. 



Cash in the office of the company, . 

Cash deposited in bank, 

Assessments due, . . . $45,469 09 

Prem's more than three mos. due, 6,923 49 

Gross assets, 



1415 17 
470 53 



Liabilities. 



Losses adjusted, unpaid, . 
Losses disputed or resisted, 



$32,710 C4 
500 00 



$885 70 



76 



OLD COLONY MUTUAL FIRE INSURANCE CO. 



Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Gross liabilities, 

Balance against the company, . 



$12 85 




7,067 59 




700 00 




138 87 






$41,129 35 




• t • • 


$10,243 65 



Income. 

Premiums outstanding Dec. 31, 1895, 
Pemiums on risks written or renewed, 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Interest received from all sources, . 
Received from assessments, .... 

Gross cash income, 

Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, 

Net cash paid for losses, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$21,579 30 
18,861 16 

$13,443 46 
6,923 49 

$36,519 97 
31,006 03 



,556 51 
6,398 82 



$5,513 


94 


59 


17 


16,059 


01 



11,632 12 



,157 69 

7,417 88 

7,764 49 

519 23 

10,473 37 

$14,332 66 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $4,597,492 00 $67,954 21 $203,862 63 

Risks written during 1896, . 1,322,547 00 18,864 16 56,592 48 



In force at end of year, 



$7,600 00 



$25 70 



Total, $5,920,039 00 $86,818 37 $260,455 11 

Risks terminated during 1896, . 5,912,439 00 86,792 67 260,378 00 



$77 11 



Miscellaneous. 

Losses incurred during the year, 

Assessments laid on deposit notes or contingent premiums, . 



$42,499 00 
61,528 00 



PAPER MILL MUTUAL INSURANCE CO. 



77 



PAPER MILL MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated November, 1886. Commenced business April 1, 1887.] 
R. W. TOPPAN, President. D. W. LANE, Secretary. 

Office, 31 Milk Street. 
Detailed Statement op Stocks, Bonds, etc. 

Par Value. Market Value. 

Portland & Ogdensburg R.R. bonds, . . $5,000 00 f5,150 00 

Fitchburg Railroad bonds, .... 5,000 00 5,100 00 

Cincinnati, Sandusky & Cleveland R.R. bonds, 5,000 00 5,200 00 

Maine Central R.R. bonds, . . . . 5,000 00 5,400 00 

Pennsylvania R.R. bonds, . . . . 5,000 00 5,750 00 

Newton water bonds, 5,000 00 5,350 00 

Boston & Albany R.R. bonds, . . , . . 10,000 00 10,600 00 

Boston & Maine Railroad bonds, . . . 5,000 00 5,850 00 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . . . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
State and local taxes, . 

Gross liabilities, . . . 



Net cash assets, . . $33,089 75 



|45,000 00 


$48,400 00 


j. 31, 1896. 




$48,400 00 




220 03 




11,061 29 




616 50 




996 82 






$61,294 64 




$2,023 79 




26,059 95 




121 15 






28,204 89 


- 



Income. 

Premiums outstanding Dec. 31, 1895, . . $331 28 

Premiums on risks written or renewed, . . 54,344 97 

Total, . . " . . . . . . $54,676 25 

Premiums now in course of collection, . . 996 82 

Entire premiums collected, .... $53,679 43 

Less reinsurance and return premiums, . . 2,159 58 

Net cash premiums received, . . . — 

Interest and dividends received from all sources, . 



$51,519 85 
2,225 50 



Gross cash income, $53,745 35 



78 



QUINCY MUTUAL FIRE INSURANCE CO. 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for rents, ...... 

for inspections, etc., .... 

Gross cash expenditures, .... 

Risks and Premiums. 

Amount. 

Risks outstanding Dec. 31, 1895, $5,581,241 00 
Risks written during 1896, 



6,222,009 00 



Cash Prem's. 

$53,510 96 
54,344 97 



Total, . 



Risks terminated during 1896, . 5,828,501 00 
In force at end of year, 



1,803,250 00 $107,855 93 
55,736 03 



$7,284 36 

36,916 96 

3,240 00 

494 85 

240 00 

1,335 51 

$49,511 68 



Conting't Prem's. 

$267,554 80 
271,724 85 

$539,279 65 
278,680 15 



,974,749 00 $52,119 90 $260,599 50 



Miscellaneous. 
Losses incurred during the year, 
Profits or surplus returned during 1896, 69.04 per cent. 



5,755 00 



QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY. 

[Incorporated March 22, 1851. Commenced business May, 1851.] 
CHARLES A. HOWLAND, President. WM. H. FAY, Secretary. 

Amount of permanent fund, $350,000 00 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

es Rockland National Bank, Boston, . $8,800 00 $12,056 00 

Manufacturers' Nat'l Bank, Boston, 20,000 00 20,000 00 

Third National Bank, Boston, . 37,000 00 32,930 00 

Second National Bank, Boston, . 7,000 00 12,390 00 

First National Bank, Boston, . 5,000 00 11,700 00 

Merchants' National Bank, Boston, 4,000 00 6,120 00 

State National Bank, Boston, . 3,500 00 3,780 00 

Washington National Bank, Boston, 6,600 00 6,666 00 

Revere National Bank, Boston, . 3,700 00 2,960 00 

Hamilton National Bank, Boston, . 5,000 00 5,300 00 

Continental National Bank, Boston, 4,600 00 4,600 00 

Redemption National Bank, Boston, 7,500 00 8,625 00 

Market National Bank, Boston, . 2,500 00 2,375 00 

North National Bank, Boston, . 10,000 00 10,000 00 

Mt. Wollaston Nat'l Bank, Quincy, 24,600 00 31,980 00 



88 shar 


200 


tc 


370 


tt 


70 


u 


50 


t< 


40 


It 


35 


t( 


66 


IE 


37 


(1 


50 


(( 


46 


u 


75 


(I 


25 


u 


100 


u 


246 


It 



QTJLNCY MUTUAL FIRE INSURANCE CO. 



79 



44 shares Granite National Bank, Quincy, 
50 " Wachusett Nat'l Bank, Fitchburg, 
40 " Hingham Nat 1 ! Bank, Hingham, . 
48 " First Nat'l Bank, Weymouth, 
38 " Union Nat'l Bank, Weymouth, 

10 " Quinsigamond N'l B'k, Worcester, 
50 " Brockton National Bank, Brockton, 
29 " Plymonth National B'k, Plymouth, 
25 " First National Bank, West Newton, 

200 " Chicago, Burl. & Quincy R.R., 
300 " Boston & Lowell Railroad, . 

11 " Old Colony Railroad, . 
107 " Hing-ham Cordage Co., . 
178 " Lawrence Duck Co., 

50 " State St. Safe Deposit & Trust Co 
East Middlesex Street R.R. bonds, . 
Chicago, Burlington & Quincy R.R. bonds, 
Decatur Water Works Co. bonds, . 
City of Quincy notes, .... 

Securities held as collateral for cash loans 

150 shares N. E. Dressed Meat and Wool Co 

Eureka Silk Co., 

100 shares North Packing and Provision Co., 

99 ' 
200 ' 

15 ' 

15 ' 

50 ' 

50 ' 

50 ' 



1 Nat'l Granite Bank, Quincy, . 

1 Indiana Manufacturing Co., . 

1 Minnehaha Trust Co., 

1 Sioux Falls National Bank, 

1 Fitchburg R.R. Co., 

' National Lead Co., . 

' Central Investment Association, 
Union Pacific Railway Co. bonds, . 
Chicago & No. Michigan Ry bonds, 
Northern Pacific R.R. bonds, . 
33 shares Delaware & Hudson Canal Co., 
Iowa Central R.R. bonds, . 
100 shares General Electric Co., 
Lynn & Boston R.R. bonds, 
Rutland R.R. Co. bonds, . 
Minneapolis Street Railway bonds, 
Louisville, New Albany & Chicago bonds, 

Aurora, 111., bonds, 

Trinidad, Col., bonds, .... 
A lpena Co., Mich., bonds, . 
Tacoma, Wash., bonds, .... 
Becker County, Minn., bonds, . 



Far Value. 

$4,400 00 

5,000 00 

4,000 00 

4,800 00 

3,800 00 

1,000 00 

5,000 00 

2,900 00 

2,500 00 

20,000 00 

30,000 00 

1,100 00 

10,700 00 

17,800 00 

5,000 00 

10,000 00 

11,500 00 

14,300 00 

2,200 00 



Market Value. 

$6,160 00 

10,000 00 

4,000 00 

5,280 00 

3,990 00 

1,100 00 

6,250 00 

3,045 00 

2,500 00 

14,000 00 

61,500 00 

1,936 00 

10,000 00 

17,800 00 

5,000 00 

10,000 00 

12,900 00 

5,000 00 

2,200 00 



$305,800 00 $354,143 00 



Market Value. 

$22,500 00 
5,000 00 
9,000 00 
13,860 00 
10,000 00 
1,500 00 
1,500 00 
4,700 00 ^ 
4,250 00 
5,000 00 
8,800 00 

500 00 J- 
1,000 00 I 
4,059 00 I 

900 00 I 
6,500 00 J 
1,050 001 
1,000 00 
1,030 00 

750 00 
5,056 00 } 
5,200 00 
5,713 00 
9,180 00 
5,450 00 J 



Loaned Thereon. 

$10,000 00 
10,000 00 

11,900 00 
2,200 00 

2,500 00 



32,500 00 



30,000 00 



$133,498 00 $99,100 00 



80 



QUINCY MUTUAL FIRE INSURANCE CO, 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, 



31, 1896. 

$16,800 00 

64,800 00 

1,642 55 

354,143 00 

99,100 00 

320 00 

48,124 47 

5,194 77 

11,407 49 

425 00 



$601,957 28 



Liabilities. 

Losses claimed and reported, .... $6,750 00 

Unearned premiums on outstanding risks, . 254,586 76 

Profits or surplus on terminated policies, unpaid, 3,000 00 

Due and accrued for rent, salaries, etc., . . 200 00 

State and local taxes, 250 00 

Gross liabilities, 

Net cash assets, 



264,786 76 



$337,170 52 



Income. 

Premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash premiums received, .... 

Received for extra premiums, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 

Gross cash income, . . . . . . . 



>,881 17 
145,232 07 

$158,113 24 
11,407 49 

$146,705 75 
5,790 89 



$140,914 86 

1,631 50 

2,861 80 

22,767 03 

670 47 

|168,845 66 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for commissions and brokerage, 



|62,107 31 
70,269 42 
22,452 23 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of infsurance hold ap collateral, 



$66,100 00 
75,000 00 
63,700 00 



RUBBER MANUFACTURERS MUTUAL INSURANCE CO. 



81 



Cash paid for salaries of officers and employees, 
for State and local taxes, 
for incidentals, .... 

Gross cash expenditures, .... 



$12,517 95 
2,597 37 
7,046 09 

. $176,990 37 



Risks and Premiums. 

y Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $34,842,060 00 $519,986 21 $519,986 21 

Risks written during 1896, . 9,425,166 00 145,232 07 145,232 07 



Total, $44,267,226 00 $665,218 28 $665,218 28 

Risks terminated during 1896, . 9,558,749 00 148,205 26 148,205 26 



In force at end of year, 
Deduct amount reinsured, 



. $34,708,477 00 $517,013 02 $517,013 02 
5,500 00 58 45 58 45 



Net amount in force, . .$34,702,977 00 $516,954 57 $516,954 57 

Miscellaneous. 

Losses incurred during the year, $64,310 00 

Profits or surplus returned during 1896, 20, 40 and 60 per cent. 



RUBBER MANUFACTURERS' MUTUAL INSURANCE COMPANY, 

BOSTON. 

[Incorporated Nov. 4, 1884. Commenced business Jan. 15, 1885 ] 
E. S. CONVERSE, President. B. F. TAFT, Secretary. 

Office, 31 Milk Street. 
Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Fitchburg Railroad bonds, .... $5,000 00 $5,450 00 

Boston & Lowell Railroad bonds, . . . 10,000 00 10,150 00 

Maine Central Railroad bonds, . . . 26,000 00 26,150 00 

Ticonderoga Pulp and Paper Co. bonds, . . 5,000 00 5,000 00 

New York & New England Railroad bonds, . 8,000 00 8,920 00 

Metropolitan Railroad bonds, .... 1,000 00 1,005 00 

Boston Consolidated Street Railroad bonds, . 12,000 00 12,720 00 

Middlesex Street Railroad bonds, . . . 1,000 00 1,050 00 

Cambridge Street Railroad bonds, . . . 1,000 00 1,040 00 

Cheshire Railroad bonds, 500 00 511 25 

Maiden Electric Company bonds, . . . 5,000 00 5,000 00 

General Electric Company bonds, . . . 1,000 00 900 00 

218 shares United States Rubber Company, . 21,800 00 16,568 00 

General Electric Company stock, . . . 5,000 00 3,700 00 



82 



RUBBER MANUFACTURERS' MUTUAL INSURANCE CO. 



Lynn & Boston R.R. bonds, 
East Middlesex St. R'y bonds, . 
Bangor & Aroostook R.R. bonds, 
Corporation notes, . 
West End Street R.R. bonds, . 



Par Value. 

$1,000 00 

7,000 00 

10,000 00 

91,500 00 

3,000 00 



Market Value. 

$1,000 00 

7,000 00 

10,000 00 

91,500 00 

2,985 00 



$214,800 00 $210,649 25 



Summary of Assets Dec. 31, 1896. 

Stocks, bonds, etc., as per schedule, . . $210,649 25 

Cash in the office of the company, . . . 974 40 

Cash deposited in bank, 45,659 27 

Interest due and accrued, 4,308 19 

Premiums in course of collection (gross), . 2,565 21 

Rents due and accrued, 800 00 

Gross assets, 



$264,956 32 



Liabilities. 

Unearned premiums on outstanding risks, 
State and local taxes, . 

Gross liabilities, .... 



$119,128 77 
536 40 



119,665 17 



Net cash assets, $145,291 15 



Income. 

Premiums outstanding Dec. 31, 1895, . . $6 ; 177 19 

Premiums on risks written or renewed, . . 260,905 35 



Total, $267,082 54 

Premiums now in course of collection, . . 2,565 21 

Net cash premiums received, .... 

Interest and dividends received from all sources, . 



$264,517 33 
12,271 88 



Gross cash income, 



. $276,789 21 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

for inspections, .... 



$43,726 19 
175,819 41 
5,440 07 
2,776 30 
8,611 30 
8,713 68 



Gross cash expenditures, 



$245,086 95 



SALEM MUTUAL FIRE INSURANCE CO. 



83 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31,1895, $24,891,203 00 $249,635 82 $1,248,179 10 

Risks written during 1896, . 24,997,928 00 260,905 35 1,304,526 75 



Total $49,889,131 00 $510,541 17 $2,552,705 85 

Risks terminated during 1896, . 27,271,053 00 272,283 63 1,361,418 15 



In force at end of year, . . $22,618,078 00 $238,257 54 $1,191,287 70 

Miscellaneous. 

Losses incurred during the year, $41,094 00 

Profits or surplus returned during 1896, 70 per cent. 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated April 17, 1838. Commenced business May, 1838.] 
WILLARD A. ASHBY, President. HOWARD S. PORTER, Secretary. 



Amount of permanent fund, 



Detailed Statement oe Stocks, Bonds, etc. 



Old Colony Railroad bonds, 
Fitchburg Railroad bonds, 
Boston & Lowell Railroad bonds, 
Boston & Maine Railroad bonds, 
Boston & Albany Railroad bonds, 
Keene (N. H.) city bonds, 
Haverhill city bonds, . , . 
Springfield city bonds, 
Springfield (Ohio) city bonds, . 
Toledo (Ohio) city bonds, 
Cincinnati city bonds, 
Chicago city bonds, . 
Danvers town bonds, 
Woburn city bonds, . 
Brockton city bonds, 
Peabody town bonds, 
New Britain (Conn.) city bonds, 
Stoneham town bonds, 
Cleveland city bonds, 
Cook County bonds, . 
Ware town bonds, 
Medford city bonds, . 
Salem city bonds, 
9 shares Boston & Maine R.R., . 



Par Value. 

$1,000 00 
4,000 00 
3,000 00 
1,000 00 
1,000 00 
1,000 00 
3,000 00 
1,000 00 
1,150 00 
2,000 00 
1,000 00 
3,000 00 
1,000 00 
2,000 00 
1,000 00 
1,000 00 
2,000 00 
2,000 00 
3,000 00 
1,000 00 
1,000 00 
1,000 00 
4,550 00 
900 00 



|52,580 66 



Market Value. 

$1,007 50 
4,195 00 
3,110 00 
1,045 00 
1,040 00 
1,015 00 
3,030 00 
1,180 00 
1,220 50 
2,195 00 
1,180 00 
3,090 00 
1,005 00 
2,025 00 
1,015 00 
1,015 00 
2,065 00 
2,040 00 
3,120 00 
1,010 00 
1,015 00 
1,050 00 
4,635 50 
1,392 00 



84 



SALEM MUTUAL FIRE INSURANCE CO. 



5 shares National Exchange Bank, Salem, 
20 " Salem National Bank, 

14 " Asiatic National Bank, 

15 " Salem Gas Company, 



Summary of Assets Dec. 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest clue or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

Cash deposited in bank, 

Interest due and accrued, 

Premiums in course of collection (gross), 

Rents due and accrued, 

Preirfs more than three mos. due, . f 15 00 
Gross assets, ...... 

Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 
Unearned premiums on outstanding risl 
Return premiums on cancelled policies, 
Profits or surplus on terminated policies, unpaid, 
Commissions and brokerage, . 
Gross liabilities, 



Net cash assets, . 



Income 



Premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash premiums received, . 
Received for extra premiums, . 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 

Gross cash income, 



other 



Par Value. 


Market Value. 


$500 00 


$100 00 


2,000 00 


2,280 00 


420 00 


378 00 


1,500 00 


1,413 75 


$47,020 00 


$49,167 25 


, 1896. 




$12,000 00 




14,200 00 




117 32 




49,167 25 




625 08 




1,071 58 




587 40 




2,575 59 




43 90 






$80,388 12 




813 47 




3,125 00 




27,650 59 




18 00 




862 85 




419 76 






32,089 67 




• ■ . 


$ 48,298 45 



$2,387 49 
24,422 17 

$26,809 66 
2,590 59 

24,219 07 
713 44 



sources, . 



f23,505 63 

158 26 

743 03 

1,850 35 

255 32 

$26,512 59 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$6,700 00 
14,600 00 
11,800 00 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE CO. 85 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for rents and incidentals, 

Gross cash expenditures, .... 



$4,674 00 

4,929 33 

3,731 47 

3,204 53 

398 63 

1,200 22 

$18,138 18 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $2,621,556 00 $43,376 07 $43,376 07 

Risks written during 1896, . 1,526,248 00 24,422 17 24,422 17 



In force at end of year, 



Total, $4,147,804 00 $67,798 24 $67,798 24 

Risks terminated during 1896, . 1,095,911 00 16,323 23 16,323 23 



5,051,893 00 $51,475 01 $51,475 01 



Miscellaneous. 

Losses incurred during the year, ...... 

Profits or surplus returned during 1896, 20, 40 and 70 per cent. 



$7,786 00 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, AMESBURY. 

[Incorporated May 18, 1855. Commenced business June 13, 1855.] 
GEORGE F. BAGLEY, President. CHARLES L. ALLEN, Secretary. 



Summary of Assets Dec. 31, 1896. 



Cash in the office of the company, . . 

Cash deposited in bank, 

Premiums in course of collection (gross), 

Office safe, $100 00 

Gross assets, ' 



$28 65 

301 36 

6 00 



$336 01 



Liabilities. 

Unearned premiums on outstanding risks, 
Gross liabilities, 



$838 04 



838 04 



Balance against the company, . 



$502 03 



86 



SAUGUS MUTUAL FIEE INSURANCE CO. 



Income. 

Premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash premiums received, . 

Interest and dividends received from all sources, . 

Gross cash income, 

Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 
for salaries of officers and employees, 
for State and local taxes, 
for incidentals, . 

Gross cash expenditures, .... 



$9 00 
85 80 



$94 80 
6 00 


$88 80 
5 17 



$83 63 
13 62 



$97 25 



$10 75 


21 


02 


152 


00 




98 


10 


50 



$195 25 



Risks and Premiums. 



Risks outstanding Dec. 31, 1895, 

Risks written during 1896, .... 

Total, ....... 

Deduct risks expired and terminated, 

In force at end of year, 

Miscellaneous. 
Losses incurred during the year, 



Amount. 

|238,321 00 
10,250 00 

$248,571 00 
27,650 00 



Conting't Prem's. 

$19,541 96 
858 00 

$20,399 96 
2,415 70 



$220,921 00 $17,984 26 



$11 00 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.] 

HERBERT B. NEWHALL, President. WILBUR F. NEWHALL, Secretary. 

[Note. — This company insures nothing but dwellings, farm buildings and their contents, in 
Lynn, Saugus, Lynnfield, Swampscott and Nahant. No cash premiums are taken, but assess- 
ments are made on deposit notes to pay losses and expenses. All policies are issued for a term 
of three years] 

Summary of Assets Dec. 31, 1896. 
Cash in the office of the company, . . .. $66 84 

Cash deposited in bank, ..... 405 60 

Unpaid assessments, ..... 320 00 

Gross assets, $792 44 



SOUTH DANVEKS MUTUAL FIRE INSURANCE CO. 



87 



Liabilities. 

Losses claimed and reported, .... 

Due for borrowed money, .... 

Gross liabilities, 

Income. 

Interest and dividends received from all sources, 
Income from policy fees, ....'. 
Assessments on deposit notes, .... 



Gross cash income, 



$38 00 
2,500 00 



$2,538 00 



111 


54 


580 00 


3,503 


40 



$4,094 94 



Expenditures. 

Cash paid for losses, 

for salaries of officers and employees, 
for State and local taxes, 
for rents and incidentals, 

Gross cash expenditures, .... 

Risks and Premiums. 



Risks outstanding Dec. 31, 1895, 
Risks written during 1896, 



Total,. . . ' . 
Deduct risks expired and terminated, 

In force at end of year, . 



Amount, 

$2,943,525 00 
1,002,250 00 

$3,945,775 00 
993,100 00 



$5,037 03 


1,400 


00 


35 


61 


448 


59 



1,921 23 



Conting't Prem's. 

$361,960 00 
124,920 00 

$486,880 00 
123,594 00 



!,952,675 00 $363,286 00 



Miscellaneous. 

Losses incurred during the year, $5,075 00 

Assessments laid on deposit notes or contingent premiums, . 3,570 00 



SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY, 

PEABODY. 

[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.] 
WILLIAM P. CLARK, President. GEORGE M. FOSTER, Secretary. 

Amount of permanent fund Dec. 31, 1896, .... $54,125 18 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

Ill shares South DanversNafl Bank, Peabody, $11,100 00 $13,347 75 

48 " Warren National Bank, Peabody, . 4,800 00 5,856 00 

51 " Asiatic National Bank, Salem, . 1,530 00 1,377 00 

20 " Naumkeag National Bank, Salem, . 2,000 00 2,515 00 

18 " National Exchange Bank, Salem, . 1,800 00 1,620 00 



88 



SOUTH DANVERS MUTUAL FIRE INSURANCE CO. 



12 shares First National Bank, Salem, . 
34 " First National Bank, Danvers, 
30 " Hide & Leather Nat'l Bank, Boston, 
4 " Andover National Bank, Andover, . 

1 " Cape Ann Nat'l Bank, Gloucester, . 
10 " Manufacturers 1 Nat'l Bank, Boston, 
20 " Naumkeag Steam Cotton Company, 
20 " Androscoggin Mills, 

2 " Nashua Manufacturing Co., 
Cincinnati city bonds, 
Wakefield Water Co. bonds, 
Providence city bonds, 
Pittsfield city bonds, 
Boston & Maine R.R. bonds, 
Eastern R.R. bonds, . 



Summary of Assets Dec 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Gross assets, 



Liabilities. 
Unearned premiums on outstanding risks, 
Profits or surplus on terminated policies, unpaid, 
Due and accrued for rent, salaries, etc., . 

Gross liabilities, 

Net cash assets, 

Income. 

Premiums on risks written or renewed, . 
Less reinsurance and return premiums, . 
Net cash premiums received, .... 
Interest and dividends received from all sources, 
Income from policy fees, . . 

Gross cash income, . . 

Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 
for salaries of officers and employees, 
for State and local taxes, 
for incidentals, .... 

Gross cash expenditures, . . •'.'.• 



Par Value. 


Market Value. 


$1,200 


00 


$1,071 00 


2,550 


00 


2,499 00 


3,000 


00 


3,251 25 


400 


00 


440 00 


100 


00 


140 00 


1,000 00 


1,000 00 


2,000 


00 


1,395 00 


2,000 


00 


2,320 00 


1,000 


00 


1,015 00 


2,000 00 


2,300 00 


2,000 


00 


1,700 00 


7,000 00 


7,700 00 


2,000 


00 


2,020 00 


3,000 


00 


3,135 00 


2,000 


00 


2,370 00 


$52,480 00 


$57,072 00 


31, 1896. 






$57,072 00 




110 


00 




8,178 


69 




429 


66 


$65,790 35 






$12,201 


44 




881 


75 




547 


50 


13,630 69 




■ 


• 


$52,159 6Q 


f3,223 


94 




314 


00 


$2,909 94 
2,639 20 


3, . 


t ' 


• 


• 


104 00 



$5,653 14 



$340 80 


2,893 


14 


2,206 


00 


27 


55 


199 


34 



,666 83 



TEADERS' AND MECHANICS' MUTUAL FIRE INSURANCE CO. 89 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Pram's. 

Risks outstanding Dec. 31, 1895, $1,169,233 00 $25,167 40 $75,502 20 

Risks written during 1896, . 158,270 00 3,223 94 9,671 82 



In force at end of year. . 



Total, .... $1,327,503 00 $28,391 34 $85,174 02 

Risks terminated during 1896, . 150,200 00 3,282 94 9,848 82 



,177,303 00 $25,108 40 $75,325 20 



Miscellaneous. 
Losses incurred during the year, .... 
Profits or surplus returned during 1896, 100 per cent. 



$341 00 



TRADERS 1 AND MECHANICS 1 MUTUAL FIRE INSURANCE 
COMPANY, LOWELL. 

[Incorporated June, 1848. Commenced business June, 1848. J 
LEVI SPRACUE, President. EDWARD M. TUCKE, Secretary. 



Amount of permanent fund, 



$410,098 69 



Detailed Statement of Stocks, Bonds, etc. 

Par Value. Market Value. 

20 shares Androscoggin Mills, . . . $2,000 00 f 2,320 00 

4 " Boott Cotton Mills, .... 4,000 00 4,700 00 
2 " Hamilton Manufacturing Company, 2,000 00 1,880 00 

50 " Lawrence Gas Company, . . 5,000 00 5,500 00 

287 " Lowell Gas Company, . . . 28,700 00 71,750 00 

5 " Lowell Manufacturing Company, . 3,450 00 2,800 00 
100 " Massachusetts Cotton Mills, . " . 10,000 00 10,520 00 

10 " Merrimack Manufacturing Co , . 10,000 00 11,575 00 

15 " Middlesex Company, . . . 1,500 00 1,665 00 

38 " Tremont & Suffolk Mills, . . 3,800 00 5,111 00 

100 " Old Lowell National Bank, . . 10,000 00 12,300 00 

20 " National Bank of North America, . 2,000 00 1,940 00 

25 " Vermont & Mass. R.R., . . . 2,500 00 3,800 00 

Andover town bonds, . . . . . 15,000 00 16,050 00 

Boston city bonds, 20,000 00 21,600 00 

Boston & Maine Railroad bonds, . . . 20,000 00 22,750 00 

Fitchburg city bonds, 10,000 00 10,800 00 

Marblehead water bonds, . . . . 10,000 00 10,800 00 

Maiden sewer bonds, . . . . . 10,000 00 10,800 00 

Marlborough water loan, ..... 10,000 00 10,800 00 

Boston United Gas Co. boncls, . , . . 20,000 00 16,500 00 



90 traders' and mechanics' mutual FIRE INSURANCE CO. 

Par Value. Market Value. 

East Middlesex Street Railway bonds, . . $10,000 00 $10,200 00 

Fitchburg Railroad bonds, . . . . 15,000 00 15,750 00 

Lowell & Suburban Street Railway bonds, . 25,000 00 26,250 00 

Maine Central Railroad bonds, . . . 20,000 00 20,400 00 

St. Johnsbury & Lake Champlain R.R. bonds, 20,000 00 23,400 00 

Chicago Sanitary bonds, 20,000 00 21,200 00 

Swift Company bonds 5,000 00 5,000 00 

$314,950 00 $378,161 00 



Securities held as collateral for cash loans : — 

1 share Appleton Company, .... 
Lowell & Lawrence R.R., ..... 

4 shares Massachusetts Cotton Mills, 

5 
35 
90 
50 
50 
30 



Great Falls Manuf. Co , . 
Criterion Knitting Co., 
Lowell & Suburban Street Railway, 
American Bolt Co., . . . . 
Lowell & Suburban Street Railway, 
Lowell Gaslight Co., 



Excess of loan over market value, 



Market Value. Loaned Thereon, 

$500 00 $200 00 
2,100 00^ 

4,000 00 > 6,000 00 

750 00 ) 

7,000 00 5,000 00 
11,250 00) 1/imriftn 

2,500 00 \ 14 ' 00 ° °° 

6,250 00 5,000 00 

7,500 00 4,000 00 

$34,200 00 

250 00 

$33,950 00 



$41,850 00 



Summary of Assets Dec. 31, 1896. 

Loans on mortgage of real estate (first liens), $166,789 00 

2,970 82 

378,161 00 

33,950 00 

54,946 00 

4,560 67 

21,132 99 

2,588 03 

7,117 17 



Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
All other cash loans, .... 

Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, . 



$672,215 68 



Liabilities. 

Unearned premiums on outstanding risks, . $332,948 18 

Profits or surplus on terminated policies, unpaid, 4,544 00 

Commissions and brokerage, .... 977 57 

Gross liabilities, 



338,469 75 



Net cash assets, . 



$333,745 93 



TRADERS' AND MECHANICS' MUTUAL FIRE INSURANCE CO. 91 



Income. 

Premiums outstanding Dec. 31, 1895, . . $22,592 44 
Premiums on risks written or renewed, . . 194,588 77 

Total, $217,181 21 

Premiums now in course of collection, . . 7,117 17 

Entire premiums collected, . . . . $210,064 04 
Less reinsurance and return premiums, . . 5,938 48 

Net cash premiums received, .... 

Received for extra premiums, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



Gross cash income, . 



$204,125 56 

1,371 58 

6,358 71 

22,258 13 

. $234,113 98 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 



Gross cash expenditures, . 



,415 44 

96,476 35 

30,264 83 

19,046 29 

2,314 60 

1,600 00 

$230,117 51 



Risks and Premiums. 

Amount, Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $41,965,558 00 $649,564 41 $649,564 41 

Risks written during 1896, . 12,328,009 00 194,588 77 194,588 77 



Total $54,293,567 00 $844,153 18 $844,153 18 

Risks terminated during 1896, . 11,080,108 00 172,084 17 172,084 17 



In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



. $43,213,459 00 $672,069 01 $672,069 01 
15,615 00 241 69 241 69 



,197,844 00 $671,827 32 $671,827 32 



Miscellaneous. 

Losses incurred during the year, 

Profits or surplus returned during 1896, 30, 50 and 70 per cent. 



$78,799 00 



92 WESTERN MASSACHUSETTS MUTUAL FIRE INSURANCE CO. 

WESTERN" MASSACHUSETTS MUTUAL FIRE INSURANCE 
COMPANY, SPRINGFIELD. 

[Incorporated Jan. 18, 1894. Commenced business Feb. 15, 1894.] 
ELISHA MORGAN", President. CHAS. E. STICKNEY, Secretary. 



Summary of Assets Dec. 31, 1896. 



Cash in the office of the company, . 
Cash in hands of collecting agents, . 
Due on account of assessments, $38,579 41 
Gross assets, 



$4,708 60 
90 55 



1,799 15 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Gross liabilities, 



Impairment, 



$14,251 27 




2,500 00 




2 43 




3,198 78 




2,760 98 




2 82 






22,716 28 






$17,917 13 



Income. 

Premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 
Net cash premiums received, . 
Received from assessment, 
Received from all other sources, 



Gross cash income, 



$1,253 77 
1,220 02 




$33 75 
4 86 


$38 61 

10,018 78 

9 50 


. 


' 


$10,066 89 



Expenditures. 

Cash paid for losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents, 

for incidentals, .... 

Gross cash expenditures, . ■ . , 



$2,787 


02 


560 49 


1,351 


00 


304 


37 


225 


00 


4,340 63 



>,568 51 



WESTFORD MUTUAL FIRE INSURANCE CO. 



93 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $48,720 09 $548 06 $1,644 18 

Risks written during 1896, . 600 00 4 86 14 58 



In force at end of year, . 



Total, $49,320 00 

Risks terminated during 1896, . 48,720 00 



$600 00 



$552 92 
548 06 

$4 86 



&1.658 76 
1,644 18 

$14 58 



WESTFORD MUTUAL FIRE INSURANCE COMPANY, WESTFORD. 

[Incorporated March 16, 1840. Commenced business July, 1840.] 
ALLAN CAMERON, President. CARRIE E. READ, Secretary. 

Summary of Assets Dec. 31, 1896. 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
All other cash loans, 
Cash in the office of the company, 
Cash deposited in savings banks, 

Gross assets, $10,878 97 



$4,833 


04 


247 


83 


150 


00 


110 


22 


5,537 


88 



Liabilities. 
Unearned premiums on outstanding risks, 
Gross liabilities, .... 



Net cash assets, 



$1,214 49 



Income. 
Cash premiums received, ....... 

Received for extra premiums, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



Gross cash income, 



Expenditures. 
Cash paid as profits on terminated policies, . 

for salaries of officers and employees, . 

for State and local taxes, 

for incidentals, . .... 

Gross cash expenditures, 



1,214 49 



>,664 48 



$435 65 

1 20 

243 90 

204 09 

$884 84 



$87 86 

31 00 

4 62 

3 10 

$126 58 



* Total value of property mortgaged, 



$14,900 00 



94 WEST NEWBURY MUTUAL FIRE INSURANCE CO. 



Risks and Premiums. 

Amount. Cash Prem's. Conting'tPrem's. 

Risks outstanding Dec 31,1895, $273,055 00 $2,629 65 $7,888 95 

Risks written during 1896, . 62,225 00 435 65 1,306 95 



Total, $335,280 00 $3,065 30 $9,195 90 

Risks terminated during 1896, . 52,545 00 387 35 1,162 05 



In force at end of year, . . $282,735 00 $2,677 95 $8,033 85 

Miscellaneous. 
Profits or surplus returned during 1896, 5, 10, 15, 20 and 25 per cent. 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, WEST 

NEWBURY. 

[Incorporated March, 1828. Commenced business April, 1828.] 

CHAS. W. ORDWAY, President. HENRY T. BAILEY, Secretary. 

[Note. — This company charges no cash premiums, but relies upon assessments on deposit 
notes to pay losses and expenses.] 

Summary of Assets Dec. 31, 1896. 

Cash in the office of the company, . . . $23 73 

Cash deposited in bank, . . . . 419 01 

Unpaid assessments on deposit notes, . . 190 82 

Office furniture, $100 00 

Gross assets, $633 56 

Liabilities. 

Losses adjusted, unpaid, . . . . . $900 00 

Losses claimed and reported, . . . 200 00 

Due for "borrowed money, . . . . 4,000 00 

Gross liabilities, $5,100 00 

Income. 
Income from policy fees, . . 
Income from assessments on deposit notes, 
Borrowed money, 

Gross cash income, $6,311 15 

Expenditures. 

Cash paid for losses, $5,728 30 

for commissions and brokerage, . . . . 141 99 

for salaries of officers and employees, . . . 402 25 

for State and local taxes, 63 91 



• ■ 


$117 50 


• 


6,193 65 


,763 78 





WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 95 



Cash paid for rent and incidentals, . 

Cash paid for interest on borrowed money, 

Borrowed money repaid, .... 

Gross cash expenditures, . 



$3,099 53 



$82 57 
123 99 



>,543 01 



Risks and Premiums. 

Amount. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, . . . $2,507,972 00 $139,619 17 

Risks written during 1896, .... 325,685 00 25,541 10 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 



1,833,657 00 $165,160 27 
254,044 00 10,482 99 



,579,613 00 $154,677 28 



Miscellaneous. 

Losses incurred during the year, $6,828 CO 

Assessments laid on deposit notes or contingent premiums, . • 6,383 00 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE COM- 
PANY, WORCESTER. 

[Incorporated March 31, 1855. Commenced business March 31, 1855.] 
PHILIP W. MOEN, President. WALDO E. BUCK, Vice-President. 



Detailed Statement of Stocks, Bonds, etc. 



Fitchburg Railroad bonds, 
Old Colony Steamboat Co. bonds, . 
Connecticut River R.R. scrip, . 
Worcester Consolidated Street R.R. bonds, 
Concord & Montreal R.R. bonds, 
Chicago, Burl. & Quincy R R. bonds, 
Old Colony Railroad bonds, 
Boston & Lowell R.R. bonds, . 
Chicago & Eastern Illinois R.R. bonds, . 
Boston & Maine Railroad bonds, 
City National Bank (Worcester) stock, . 
West End Street R.R. bonds, . 
Rutland Railway bonds, . . . 
Corporation notes, ..... 



Par Value. 

$15,000 00 
15,000 00 
13,000 00- 
14,000 00 
20,000 00 
25,000 00 
15,000 00 
20,000 00 
15,000 00 
20,000 00 
6,000 00 
10,000 00 
10,000 00 



Market Value. 

$16,050 00 
15,500 00 
13,000 00 
14,000 00 
20,200 00 
22,750 00 
16,050 00 
20,500 00 
18,450 00 
23,300 00 
9,000 00 
10,500 00 
10,400 00 
35,000 00 



$198,000 00 |244,700 00 



96 WORCESTER MANUFACTURERS' MUTUAL INSURANCE CO. 



Summary of Assets Dec 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Gross assets, 

Liabilities. 

Losses adjusted, unpaid, . . . 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Gross liabilities, .... 



Net cash assets, $158,448 06 



. |244,700 00 




30 35 




46,039 01 




1,301 72 






$292,071 08 




$477 83 




206 30 




132,473 07 




465 82 






133,623 02 





Income. 

Premiums outstanding Dec. 31, 1895, . . $732 22 

Premiums on risks written or renewed, . . 277,625 72 

Total, . $278,357 94 

Premiums now in course of collection, . . 1,301 72 

Entire premiums collected, .... $277,056 22 

Less reinsurance and return premiums, . . 10,844 47 

Net cash premiums received, .... 

Interest and dividends received from all sources, . 

Gross cash income, 



$266,211 75 
14,129 96 

$280,341 71 



Expenditures. 

Cash paid for losses, 

as profits on terminated policies, 

for salaries of officers and employees, . 

for State and local taxes, 

for rents, 

for incidentals, 

Gross cash expenditures, 



$116,026 27 

163,486 53 

10,050 72 

2,612 46 

1,000 00 

6,136 34 



,312 32 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $31,297,733 00 $258,175 31 $1,290,876 55 
Risks written during 1896, . 34,728,911 00 277,625 72 1,388,128 60 



Total, $66,026,644 00 $535,801 03 $2,679,005 15 

Risks terminated during 1896, . 32,919,169 00 270,854 88 1,354,274 40 



In force at end of year, 



.$33,107,475 00 $264,946 15 $1,324,730 75 



WORCESTER MUTUAL FIRE INSURANCE CO. 



97 



Miscellaneous. 

Losses incurred during the year, .... 
Profits or surplus returned during 1896, 63 T ^ per cent. 



$44,197 00 



WORCESTER MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

[Incorporated Feb. 11, 1823. Commenced business May 1, 1824.] 
JOHN A. FAYERWEATHER, President. ROGER F. UPHAM, Secretary. 

Amount of permanent fund, f 388.258 23 



Detailed Statement of Stocks, 

170 shares Worcester National Bank, 

22 " 

50 " 

200 " 

58 " 

45 " 

40 » 

15 " 

10 " 

15 " 

20 " 

25 " 



Central National Bank, . 
Citizens' National Bank, 
City National Bank, 
Mechanics' National Bank, 
Quinsigamond National Bank, 
Fitchburg Nat'l Bank. Fitchburg, 
Southbridge Natl B'k, Southbridge 
Oxford National Bank, Oxford, 
Blackstone Nat'l Bank, Uxbridge, 
First National Bank, Westborough 
Wachusett Nat'l Bank, Fitchburg. 
Boston & Maine Railroad bonds, 
Boston & Albany Railroad bonds, . 
Cincinnati, Hamilton & Dayton R.R. bonds, 
Portland & Rumforcl Falls R.R. bonds, . 
Fitchburg Railroad bonds, 
Cheshire Railroad bonds, .... 
Worcester, Nashua & Rochester R.R bonds, 
Maine Central R.R. bonds, 
Penobscot Shore Line R.R. bonds, . 
Worcester Consolidated Street R'y bonds, 
West End Street Railway bonds, 
Rutland R.R. bonds, 



Securities held as collateral for cash loans : — 

Savings bank books assigned, .... 
60 shares Howard Bros. Manuf. Co., . " . 
15 " Worcester Gas Light Co., . 



Bonds, etc. 

Par Value. 

$17,000 00 
2,200 00 
5,000 00 

20,000 00 
5,800 00 
4,500 00 
4,000 00 
1,500 00 
1,000 00 
1,500 00 
2,000 00 
2,500 00 

15,000 00 
5,000 00 

12,000 00 
5,000 00 

25,000 00 
7,000 00 
8,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 
3,000 00 



Market Value. 

$24,650 00 
2,970 00 
6,500 00 

29,000 00 
4,930 00 
6,300 00 
6,000 00 
1,500 00 
1,000 00 
1,500 00 
2,000 00 
4,500 00 

16,550 00 
5,300 00 

12,240 00 
5,150 00 

25,000 00 
7,140 00 
8,080 00 
5,050 00 
5,050 00 
5,100 00 
5,200 00 
3,090 00 



f 167,000 00 $193,800 00 



Market Value. Loaned Thereon. 



£1,297 22 
6,000 00 
2,250 00 



$600 00 
5,000 00 
1,500 00 



|9,547 22 $7,100 00 



98 



WORCESTER MUTUAL FIRE INSURANCE CO. 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $85,000 00 

Loans on mortgage of real estate (first liens *) , 362,706 00 

Interest due or accrued thereon, . . . 6,762 93 

Stocks, bonds, etc., as per schedule, . , 193,800 00 

Loans on collateral security, as per schedule, . 7,100 00 

All other cash loans, 2,975 00 

Cash in the office of the company and bank, . 34,957 87 

Interest due and accrued, 2,945 07 

Premiums in course of collection (gross), . 9,386 97 

Rents due and accrued, 1,173 30 

Gross assets, $706,807 14 



Liabilities. 

Losses claimed and reported, . . . . f 1,750 00 

Unearned premiums on outstanding risks, . 286,939 74 

Return premiums on cancelled policies, . . 316 29 

Profits or surplus on terminated policies, unpaid, 2,869 69 

Commissions and brokerage, .... 2,882 03 

Gross liabilities, ..... 



294,757 75 



Net cash assets, $412,049 39 



Income. 

Premiums outstanding Dec. 31, 1895, . . 89,03162 

Premiums on risks written or renewed, . , 144,900 76 

Total, $153,932 38 

Premiums now in course of collection, . . 9,386 97 

Entire premiums collected, .... $144,545 41 
Less reinsurance and return premiums, . . 6,732 07 

Net cash premiums received, . . . . 

Received for extra premiums, 

Interest received on mortgages and dividends from all sources, 
Rents, 

Gross cash income, 



$137,813 34 

1,324 63 

27,775 23 

7,664 16 

$174,577 36 



Expenditures. 

Cash paid for losses, 

Deduct salvage and reinsurance, . . 

Net cash paid for losses, 

Cash paid as profits on terminated policies, . 



,167 46 

100 00 



$43,067 46 
77,259 31 



* Value of lands mortgaged $232,250 00 

Value of buildings thereon, 495,200 00 

Amount of insurance held as collateral 362,900 00 



WORCESTER MUTUAL FIRE INSURANCE CO. 



99 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for incidentals, .... 

for repairs on real estate, 

Gross cash expenditures, .... 



$18,652 33 

13,263 37 

4,091 36 

5,575 07 

311 61 

$162,220 51 



Risks and Premiums. 

Amount. Cash Prem's. Conting't Prem's. 

Risks outstanding Dec. 31, 1895, $39,984,281 00 $589,105 36 $589,105 36 

Risks written during 1896, . 10,091,233 00 144,900 76 144,900 76 



Total, .... $50,075,514 00 $734,006 12 $734,006 12 

Risks terminated during 1896, . 9,006,727 00 135,070 20 135,070 20 



In force at end of year, . . $41,068,787 00 $598,935 92 $598,935 92 



Miscellaneous. 

Losses incurred during the year, $38,614 00 

Profits or surplus returned during 1896, 25, 50 and 70 per cent. 



AGGREGATE. 





|150,000 


Assets. 






$10,483,302 


Liabilities. 




Gross present liabilities, ....... 


$5,297,677 


Income. 




Cash received for premiums during the year, 


$5,140,393 


for interest and dividends, .... 


407,621 


for assessment on deposit notes, . 


63,393 


for rents, 


27,445 


from all other sources, 


17,823 


Gross cash income, . 


$5,656,675 


Expenditures. 




Cash paid for losses, 


$1,557,302 


for brokerage and commission on premiums, 


342,199 


for salaries and fees of officers and emplo} 7 ees, 


312,993 


for interest on borrowed money, . . . • . 


624 


for State and local taxes, 


68,860 


for rents, 


13,310 


for return of profits or surplus, .... 


2,852,246 


for dividends on guaranty capital, 


7,000 


for all other expenditures, 


216,359 


Total expenditures, 


$5,370,893 


General Items. 




Risks written during the year, ...... 


$524,202,443 


terminated during the year, 


530,450,044 


outstanding at end of year, 


839,252,547 


Amount of contingent premiums received thereon, 


23,347,483 


of losses incurred during the year, 


1,292,504 


of permanent fund, ...... 


4,195,750 



MASSACHUSETTS 

Mutual Fire-Marine Insurance Companies. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1896. 



102 



CHINA MUTUAL INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



CHINA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.] 
EDMUND A. POOLE, President. WILLIAM H. LORD, Secretary. 

Office, 70 Kilby Street. 



Detailed Statement of Stocks, 

100 shares Commerce National Bank, 

100 

100 

100 

100 

75 
100 
250 

60 



Hide and Leather National Bank, 

New England National Bank, 

North National Bank, 

Republic National Bank, 

Old Colony Railroad, 

Fitch burg Railroad, 

New York, New Haven & Hart. R.R., 

Boston & Albany R.R., , 



Bonds, etc. 

Par Value. 

$10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 

7,500 00 
10,000 00 
25,000 00 

6,000 00 



Market Value. 

$11,200 00 
10,838 00 
14,900 00 
10,000 00 
13,850 00 
13,275 00 
9,400 00 
44,405 00 
12,540 00 



$98,500 00 f 140,408 00 



Summary of Assets Dec. 31, 1896. 

Stocks, bonds, etc., as per schedule, . . . $140,408 00 

Loans on collateral security, , 5,853 03 

Cash in the office of the company, . . . 1,657 30 

Cash deposited in bank, 52,288 78 

Premiums in course of collection (gross), . 60,162 95 

Bills receivable taken for marine risks, . . 58,780 81 

Reinsurance, etc., . . . . . 1,540 00 

Gross assets, . . . . . . $320,690 87 

Liabilities. 

Losses adjusted and reported, .... $90,000 00 

Unearned premiums on outstanding risks, . 126,569 03 

Unpaid scrip ordered to be redeemed, . . 60 00 

Commissions and brokerage, .... 2,500 00 

Gross liabilities, except scrip, . . . 219,129 03 

Surplus as regards policy holders, $101,561 84 

Scrip outstanding, not ordered to be redeemed, . . . 506,090 00 



Impairment of scrip reserve, 



,528 16 



CHINA MUTUAL INSURANCE CO. 



103 



Income. 

Marine premiums outstanding Dec. 31, 1895, . $111,596 09 

Premiums on risks written or renewed, . . 376,056 82 

Total, $487,652 91 

Premiums now in course of collection, . . 118,943 76 

Entire premiums collected, .... $368,709 15 

Less reinsurance and return premiums, . . 66,927 33 

Net cash marine premiums received, . . 

Interest and dividends received from all sources, . 



,781 82 
6,374 29 



Gross cash income, $308,156 11 



Expenditures. 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, . 

Net cash paid for marine and inland losses, . 

Interest paid scrip holders, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, 

Gross cash expenditures, .... 



$258,809 08 
38,583 13 



$220,225 95 
15,182 70 
23,164 38 
15,400 00 
2,802 54 
12,469 64 

$289,245 21 



Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1895, . . $6,106,998 00 $190,145 74 
Marine risks written during 1896, . . . 18,376,431 00 376,056 82 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$24,483,429 00 $566,202 56 
18,588,122 00 351,122 90 



>,895,307 00 $215,079 66 
366,404 00 23,461 66 



. $5,528,903 00 $191,618 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Marine and inland losses incurred during the year, 



$16,680,411 00 
. 11.870,959 00 
. 241,072 00 



104 



INDIA MUTUAL INSURANCE CO. 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 29, 1867. Commenced business May 2, 1867.] 

Guaranty Fund paid up in Notes, $140,000. 

H. B. ALDEST, President. GEO. H. CROWELL, Secretary. 

Office, 107 Water Street. 



Detailed Statement of Stocks, 



New York & New England R.R. bonds, . 
150 shares Old Colony Railroad, 

80 ' 
125 
50 ' 
63 ' 
50 
20 
40 
10 
10 



Boston & Maine R.R., . 

West End R.R., 

Chicago, Burl. & Quincy R R., 

New England R.R., 

New York, New Haven & Hart. R.R 

Fitchburg R R., 

National Webster Bank, . 

Hamilton National Bank, 

Everett National Bank, . 



Bonds, etc. 

Par Value. 

$5,000 00 
15,000 00 
8,000 00 
6,250 00 
5,000 00 
6,300 00 
5,000 00 
2,000 00 
4,000 00 
1,000 00 
1,000 00 



Market Value. 

$5,950 00 

26,700 00 

13,200 00 

10,750 00 

3,600 00 

4,095 00 

8,900 00 

1,880 00 

4,040 00 

1,060 00 

800 00 



Company's own scrip, 



1,801 00 



158,550 00 $80,975 00 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Subscription notes on time, not exceeding 

twelve months, not yet due, 
Prem's more than three mos. due, . $37 50 
Gross assets, 



31, 1896. 

$80,975 00 

1,300 31 

2,644 52 

5,327 92 

576 00 

140,000 00 



$230,823 75 



Liabilities. 

Losses claimed and reported, . 

Losses disputed or resisted, 

Unearned premiums on outstanding risks, 

Interest due or accrued on scrip, 

Due and accrued for rent, salaries, etc., . 

Commissions and brokerage, . 

Reinsurance, ...... 

Gross liabilities, except guaranty fund, 

Surplus as regards policy holders, . 



$2,707 34 




1,030 28 




24,755 21 




259 91 




125 23 




958 94 




69 41 






29,906 32 




. . . 


$200,917 43 



INDIA MUTUAL INSURANCE CO. 



105 



Guaranty fund $140,000 00 

Scrip outstanding, not ordered to be redeemed, 150,471 00 

Impairment of scrip reserve, 

Income. 
Fire premiums outstanding Dec. 31, 1895, . $3,387 38 

Premiums on risks written or renewed, . 51,055 43 

Total, $54,442 81 

Premiums now in course of collection, . . 5,365 42 

Entire premiums collected, .... $49,077 39 
Less reinsurance and return premiums, . . 6,327 31 

Net cash fire premiums received, . . . 

Marine premiums received, 

Interest and dividends received from all sources, . 

Income from rents, etc., 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, $15,566 68 

Deduct salvage and reinsurance, . . . 209 65 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . . $138 51 

Deduct salvage and reinsurance, . . . 12 91 

Net cash paid for marine and inland losses, . 

Cash dividends paid, ..... 

Interest paid scrip holders, .... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, 

Gross cash expenditures, .... 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$2,185,099 00 
4,186,955 00 

$6,372,054 00 
2,826,823 00 

$3,545,231 00 
112,235 00 



$290,471 00 



,553 57 



$42,750 08 

23 64 

3,356 67 

673 00 

$46,803 39 



$15,357 03 



125 60 

2,800 00 
3,064 01 
7,601 84 
5,100 00 
165 37 
2,66 i 73 

$36,875 58 

Premiums. 

$28,008 03 
51,055 43 

$79,063 46 
32,071 99 



,991 47 
909 68 



$,432,996 00 $46,081 79 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 



^3,531,583 00 

2,552,781 00 

14,205 00 



AGGREGATE. 



Whole amount of guaranty fund, in subscription notes, 
Whole amount of outstanding scrip not cancelled, 



Gross present assets, 



Assets. 



Liabilities. 



Gross present liabilities, . . . . 

Income. 

Cash actually received for fire premiums, . 
actually received for marine premiums, 
for interest and dividends from all sources, 
from all other sources, 

Gross cash income, ...... 

Expenditures. 

Cash actually paid during the year for fire losses, 

actually paid during the year for marine losses, 
for brokerage and commissions on premiums, 
for salaries and pay of officers and employees, 

for State and local taxes 

for office agency and incidental expenses, . 

Interest paid scrip holders, . . . . 

Dividends paid on subscription notes, . 

Gross cash expenditures, .... 

Miscellaneous. 
Whole amount of fire risks written during the year, 
premiums charged or receivable thereon, 
marine risks written during the year, 
premiums charged or receivable thereon, 
fire risks terminated during the year, 
marine risks terminated during the year, 
fire risks outstanding at end of year, 
marine risks outstanding at end of year, . 
fire losses incurred during the year, 
marine losses incurred during the year, . 



$140,000 00 
656,561 00 



$551,515 00 



$249,035 00 



$42,750 00 

301,805 00 

9,731 00 

673 00 



$354,959 00 



$15,357 

220,352 

30,766 

20,500 

2,968 

15,131 

18,247 

2,800 



00 
00 
00 
00 
00 
00 
00 
00 



$326,121 00 



$4,186,955 00 

51,055 00 

18,376,431 00 

376,057 00 

2,826,823 00 

18,588,122 00 

3,432,996 00 

5,528,903 00 

14,205 00 

241,072 00 



MASSACHUSETTS 

JOINT-STOCK FIEE, MARINE AND FIRE-MARINE 

INSURANCE COMPANIES. 



Detailed Statement of Assets and Liabilities, with Abstract 

op Annual Statements for the Year ending 

December 31, 1896. 



108 



AMERICAN INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated June 12, 1818. Commenced business June 12, 1818.] 

Paid-up Capital, $300,000. 

FRANCIS PEABODY, President. HENRY S. BEAN, Secretary. 

Office, 30 Kilby Street. 



Detailed Statement of Stocks 



200 " Columbian National Bank, 
45 " National Eagle Bank, 

170 " Globe National Bank, . 

142 " Hamilton National Bank, 
62 " New England National Bank, 
66 " Suffolk National Bank, . 

152 " State National Bank, 

280 " National Union Bank, . 

100 " Merchants' National Bank, 
28 " Tremont National Bank, 
69 " Washington National Bank, 

578 " Boston & Albany Railroad, 
13 " Boston & Lowell Railroad, 

200 " Old Colony Railroad, 

8 " Merrimack Manufacturing Co., 

Chicago, Burlington & Quincy R R. bonds, 

Eastern Railroad bonds, .... 

Chicago, Milwaukee & St. Paul R R. bonds, 

Cincinnati, Ind., St. Louis & Chic. R.R. bonds 

Massachusetts State bonds, 

United States bonds, 



Securities held as collateral for cash loans : — 



200 shares Essex County Building Co., . 



and Bonds. 

Par Value. 

$22,200 00 
20,000 00 

4,500 00 
17,000 00 
14,200 00 

6,200 00 

6,600 00 
15,200 00 
28,000 00 
10,000 00 

2,800 00 

6,900 00 
57,800 00 

6,500 00 
20,000 00 

8,000 00 
50,000 00 
20,000 00 
25,000 00 
40,000 00 
18,000 00 

6,000 00 



Market Value. 

$23,088 00 
19,800 00 

3,510 00 
14,450 00 
14,910 00 

8,990 00 

6,930 00 
15,960 00 
35,840 00 
15,000 00 

2,296 00 

6,900 00 

119,646 00 

13,325 00 

35,000 00 

8,800 00 
46,500 00 
23,000 00 
29,500 00 
38,800 00 
18,720 00 

7,200 00 



$404,900 00 $508,165 00 



Market Value. Loaned Thereon. 

$20,000 00 $15,000 00 



Summary of Assets Dec. 31, 1896. 
Stocks and bonds, as per schedule, . . . $508,165 00 
Loans on collateral security, as per schedule, . 15,000 00 

Cash in the office of the company, . . . 1,921 97 



AMERICAN INSURANCE CO. 



109 



Cash deposited in bank, $25,678 15 

Interest due and accrued, 2,379 10 

Premiums in course of collection (gross), . 26,216 73 
Prem's more than three mos. due, . $613 40 

Gross assets, 



$579,360 95 



Liabilities. 
Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued, for rent, salaries, etc., . 
Reinsurance disallowed, . 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, 
Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, . 



$12,945 62 
14,416 52 

$27,362 14 
449 69 

$26,912 45 

139,258 66 

1,348 42 

250 00 

69 83 

4,656 63 

5,104 98 



177,600 97 

$401,759 98 

300,000 00 

$101,759 98 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, ...... 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Additional premiums received, 
Interest and dividends received from all sources, 
Profit on sale of bank stock, .... 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, . . . .' 
Deduct salvage and reinsurance, . . 
Net cash paid for fire losses, .... 
Cash dividends paid, 



$20,753 58 
307 01 




$20,446 57 
269,812 90 




$290,259 47 
26,523 12 




$263,736 35 
56,162 71 


$207,573 64 

2,105 70 

22,852 08 

112 66 


. 


$136,908 70 
12,065 46 


$232,644 08 

$124,843 24 
18,045 00 


.I. 



110 



BOSTON MARINE INSURANCE CO. 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . 
for rent and incidentals, . 

Gross cash expenditures, .... 



$43,749 32 

19,384 55 

6,825 48 

15,248 30 

$228,095 89 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1895, . . $32,107,531 00 $368,156 56 
Fire risks written during 1896, . . . 24,557,670 00 269,812 90 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . . . . 
Deduct amount reinsured, 

Net amount in force, . 



. $56,665,201 00 $637,969 46 
. 26,840,339 00 299,769 01 



. $29,824,862 00 $338,200 45 
. 4,672,226 00 53,142 06 



. $25,152,636 00 $285,058 39 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$11,722,309 00 

8,144,107 00 

128,561 00 

2,797,500 00 

18,000 00 

47,100 00 



BOSTON MARINE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.] 
Paid-up Capital, $1,000,000. 
RANSOM B. FULLER, President. THOMAS H. LORD, Secretary. 

Office, 95 Kilby Street. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Boston city bonds, . . . . . $125,000 00 $135,875 00 

Chicago, Burlington & Quincy R.R. bonds, . 41,000 00 40,865 00 

Oregon Short Line Railroad bonds, . . . 10,000 00 11,100 00 

Louisville, Evansville & St. Louis R.R. bonds, 2,000 00 2,000 00 

Fitchburg Railroad bonds, .... 25,000 00 27,000 00 

Wisconsin Central Railroad bonds, . . . 20,000 00 7,800 00 

Union Pacific, Lincoln & Col. Railroad bonds, 25,000 00 6,000 00 

Atch., Topeka & Santa Fe R.R. bonds, . . 86,000 00 57,420 00 

Toledo, St. Louis & Kansas City R.R. bonds, . 20,000 00 13,600 00 



BOSTON MARINE INSURANCE CO. 



Ill 



Brookline Gas Light Company bonds, 

Newton city bonds, 

West Shore Railroad bonds, 

Boston & Lowell Railroad bonds, 

Oregon Short Line & Utah No. R.R. stock, 

Chicago, Burlington & Quincy Railroad stock 

Iron Railway Company stock, . 

Atch., Topeka & Santa Fe R.R. stock, 

Manchester Mills stock, . 

Boston & Albany Railroad stock, 

Boston & Lowell Railroad stock, 

Fitchburg Railroad stock, 

Pullman Palace Car Company stock, 

Connecticut & Passumpsic Railroad stock 

Atlantic Bank stock, . 

Atlas Bank stock, 

Beverly Bank stock, . 

Brookline Bank stock, 

Columbian Bank stock, 

Commercial Bank stock, 

Continental Bank stock, 

Eagle Bank stock, 

Eliot Bank stock, 

Exchange Bank stock, 

First Bank stock, 

First Bank, Salem, stock, 

Freeman's Bank stock, 

Globe Bank stock, 

Grand Bank, Marblehead, stock 

Hamilton Bank stock, 

Hide and Leather Bank stock, 

Howard Bank stock, . 

Lincoln Bank stock, . 

Mercantile Bank, Salem, stock, 

Merchants' Bank stock, 

Merchants' Bank, Salem, stock, 

Naumkeag Bank, Salem, stock, 

New England Bank stock, 

North Bank stock, 

Old Boston Bank stock, . 

Railroad Bank, Lowell, stock, 

Republic Bank stock 

Revere Bank stock, 

Second Bank stock, 

State Bank stock, 

Suffolk Bank stock, 

Tremont Bank stock, 



Par Value. 

525,000 00 . 
25,000 00 

5,000 00 
25,000 00 

5,000 00 
54,000 00 
29,700 00 
56,500 00 
20,000 00 
20,000 00 
10,000 00 
25,000 00 
12,000 00 

5,000 00 
10,000 00 
10,700 00 
13,000 00 
10,000 00 
12,000 00 
36,500 00 
20,000 00 
15,200 00 
30,000 00 
10,000 00 
10,000 00 
10,000 00 
20,000 00 
15,000 00 

1,700 00 
10,000 00 
11,000 00 
10,000 00 
16,600 00 
10,000 00 
23,000 00 

5,000 00 
10,000 00 
15,000 00 
10,000 00 
10,000 00 

5,000 00 
15,000 00 
20,000 00 
20,000 00 
29,500 00 

6,700 00 

5,000 00 



Market Value. 

$25,000 00 
26,750 00 

5,350 00 
26,250 00 
750 00 
37,530 00 
14,850 00 
12,995 00 
20,400 00 
41,800 CO 
20,500 00 
23,500 00 
18,240 00 

7,150 00 
10,800 00 
12,184 63 
18,167 50 
12,000 00 
11,520 00 
29,200 00 
20,000 00 
11,894 00 
36,675 00 
12,500 00 
23,375 00 

8,925 00 
17,400 00 
12,600 00 

2,040 00 
10,600 00 
11,921 25 

8,750 00 
12,450 00 
10,375 00 
32,660 00 

6,725 00 
13,000 00 
22,350 00 
10,000 00 
10,600 00 

6,550 00 
20,775 00 
16,050 00 
35,425 00 
31,933 75 

7,169 00 

4,100 00 



.,127,100 00 $1,093,440 13 



112 



BOSTON MAKINE INSURANCE CO. 



Securities held as collateral for cash loans : — 

800 shares Cobb Lime Co., .... 
30 " Gloucester Gas Light Co , 
25 " Boston & Bangor S.S. Co., . 

Lynn city bonds, 



Market Value. Loaned Thereon. 



$48,000 00 
4,450 00 
1,000 00 
3,150 00 



$25,000 00 

2,000 00 

750 00 

2,800 00 



$56,600 00 $30,550 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Gross assets, 



$26,200 00 

998,950 00 

6,311 40 

1,093,440 13 

30,550 00 

216,187 96 

4,371 83 

154,479 97 

180,028 17 



1,710,519 46 



Liabilities. 

Losses adjusted and reported, . . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, . 

Income. 

Premiums on risks written or renewed, . 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 



M 87,015 00 

352,899 67 

17,578 05 



$136,760 34 
26,640 19 

$110,120 15 
8,188 96 

$363,690 36 
887,366 69 

1,251,057 05 
307,867 95 

$913,189 10 
110,562 88 



557,492 72 

52,153,026 74 
1,000,000 00 

11,153,026 74 



$101,931 19 



832,626 22 



* Total value of property mortgaged,. 
Amount of insurance held as collateral, 



$2,248,100 00 
827,855 00 



BOSTON MARINE INSURANCE CO. 



113 



Interest received on mortgages, .... 
Interest and dividends received from all other sources, 

Gross cash income, 



$41,243 69 
58,016 49 

. $1,033,817 59 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for rent and incidentals, . 

Gross cash expenditures, .... 



$13,659 86 

1,845 6L 

$839,898 19 

115,185 37 



11,814 25 



724,712 82 

100,000 00 

61,262 07 

59,822 16 

7,911 02 

104,083 16 

. $1,069,605 48 



Risks and Premiums. 



Fire risks written during 1896, 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



.112,935,465 00 
. 2,422,925 00 

. $10,512,540 00 
728,590 00 



Premiums. 

$136,760 34 
21,194 70 

$115,565 64 
7,335 70 



1,783,950 00 $108,229 94 



$9,420,120 00 
58,899,178 00 



,319,298 00 
61,156,471 00 

$7,162,827 00 
311,473 00 



$606,005 58 
887,366 69 

11,493,372 27 
1,000,598 73 

$492,773 54 
16,970 56 



$6,851,354 00 $475,802 98 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



525,348,102 00 

17,867,195 00 

16,970 00 

799,254 00 

1,830,000 00 

100,000 00 

106,100 00 



114 



FIREMEN S FIRE INSURANCE CO. 



FIREMEN'S FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 21, 1872. Commenced business Dec. 30, 1872.] 

Paid-up Capital, $400,000. 

THOMAS W. TUCKER, President. HENRY C. SHORT, Secretary. 

Office, 43 Kilby Street. 



Detailed Statement of Stocks 



Boston city bonds, 

Fall River city bonds, 

Lawrence city bonds, 

Quincy city bonds, . 

Haverhill city bonds, 

Brookline town notes, 

Eastern Railroad bonds, 

Taunton city bonds, . 

Boston & Providence Railroad bonds, 

Old Colony Railroad bonds, 

Boston & Maine Railroad bonds, 

Boston & Lowell Railroad bonds, . 

Boston & Albany Railroad bonds, . 

Maine Central Railroad bonds, 

Fitchburg Railroad bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Kan. City, St. Joseph & C. Bluffs R.R. bonds, 

Chicago, Burlington & Northern R.R. bonds, 

Cedar Rapids, Iowa Falls & No. W. R.R. bonds 

St. Paul & North Pacific Railroad bonds, 

Jackson, Lansing & Saginaw R.R. bonds, 

200 shares City National Bank, 

200 

200 

53 
200 
103 
200 

12 
284 



Hamilton National Bank, 
Eagle National Bank, 
Webster National Bank, 
Revere National Bank, 
Atlas National Bank, 
Boston National Bank, 
Old Boston National Bank, 
Atlantic Cotton Mills stock, 

Loan to Arlington Mills, . 

Loan to Cabot Manufacturing Co., . 

Loan to Cocheco Manufacturing Co., 

Loan to Merrimack Manufacturing Co., 



and Bonds. 

Par Value. 

$60,000 00 
30,000 00 
20,000 00 

8,000 00 
10,000 00 
18,000 00 
22,500 00 
30,000 00 
25,000 00 
20,000 00 
10,000 00 

1,000 00 
25,000 00 
10,000 00 
25,000 00 
25,000 00 
20,000 00 
25,000 00 
25,000 00 
30,000 00 
10,000 00 
20,000 00 
20,000 00 
20,000 00 

5,300 00 
20,000 00 
10,300 00 
20,000 00 

1,200 00 
28,400 00 
25,000 00 
25,000 00 
25,000 00 
30,000 00 



Market Value. 

$64,150 00 
31,950 00 
21,000 00 

8,340 00 
10,500 00 
18,450 00 
26,662 50 
32,100 00 
26,500 00 
21,000 00 
10,425 00 

1,046 25 
26,250 00 
10,125 00 
25,343 75 
24,000 00 
23,700 00 
25,781 25 
25,625 00 
37,200 00 
10,200 00 
14,300 00 
21,200 00 
15,650 00 

5,319 88 
16,050 00 
11,729 12 
17,650 00 

1,272 00 
19,241 00 
25,0 00 
25,000 00 
25,000 00 
30,000 00 



Securities held as collateral for cash loans : — 
1 share Pacific Mills stock, .... 



$699,700 00 $707,760 75 



Market Value. Loaned Thereon. 

$1,890 00 $1,000 00 



FIREMEN S FIRE INSURANCE CO. 



115 



Summary of Assets Dec. 

Loans on mortgage of real estate (first liens *), 
Interest accrued thereon, .... 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Salvage due (since received), . 
PrenVs more than three mos. due, . $227 23 
Gross assets, . . 



31, 1896. 

$146,200 00 

1,510 44 

707,760 75 

1,000 00 

411 32 

23,121 74 

7,415 88 

9,657 05 

230 14 



$897,307 32 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . . . 

Surplus over capital, 

Income 

Fire premiums outstanding Dec. 31, 1895 
Same not collected, .... 

Net collected, . 

Premiums on risks written or renewed, 

Total,. 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 



$1,344 36 
4,208 66 

$5,553 02 
399 56 

$5,153 46 

137,083 97 

152 00 

1,750 00 

500 00 

1,905 38' 

500 00 

113 93 



$12,018 63 
1 50 



!,017 13 

105,147 85 

$117,164 98 
9,884 28 

$107,280 70 
17,817 48 



147,158 74 



$750,148 58 
400,000 00 

$350,148 58 



,463 22 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$293,200 00 
180,600 00 
246,500 00 



116 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 



$7,807 66 
30,092 58 

$127,363 46 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, .... 



$49,632 70 
3,977 87 



$45,654 83 

31,960 00 

12,930 29 

16,175 00 

4,734 73 

9,049 24 

$120,504 09 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

. $39,294,790 00 $366,145 44 
. 12,034,147 00 105,147 85 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.$51,328,937 00 $471,293 29 
. 15,657,575 00 141,308 91 



.$35,671,362 00 $329,984 38 
. 1,079,463 00 9,196 23 



.$34,591,899 00 $320,788 15 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



13,053,775 00 

1,561,348 00 

39,891 00 

709,000 00 

32,000 00 

25,100 00 



MERCANTILE FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Feb. 11, 1823. Commenced business May, 1823.] 

Paid-up Capital, $400,000. 

CEO. R. ROGERS, President. JAMES SIMPSON, Secretary. 

Office, 47 Kilby Street. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

100 shares Atlantic National Bank, . . . $10,000 00 $10,800 00 
200 " City National Bank, . . . 20,000 00 14,300 00 

200 " Columbian National Bank, . . 20,000 00 19,200 00 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



117 



214 shares Eagle National Bank, 
300 " Globe National Bank, 
120 " Hamilton National Bank, 
160 " New England National Bank, 
200 " North National Bank, . 

18 " Railroad National Bank, . 
178 " State National Bank, 
356 " Suffolk National Bank, . 
100 " Tremont National Bank, 
200 " Union National Bank, . 
200 " Boston & Providence Railroad, 
100 " Chicago. Burlington & Quincy R.R. 
100 " Lyman Mills, .... 

35 " Oregon Railway & Navigation Co. 

Boston city bonds, 

Union Pacific, Lincoln & Colorado R.R. bonds, 

Kansas City, Fort Scott & Memphis R.R. bonds, 

Oregon Railway & Navigation Co. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Concord & Montreal Railroad bonds, 

Old Colony Railroad bonds, 

City of Cambridge bonds, 

City of Providence bonds, 

Boston & Albany Railroad bonds, . 

Boston & Lowell Railroad bonds, 

City of Lowell bonds, 

Boston & Maine Railroad bonds, 

City of Taunton bonds, 

Old Colony Railroad bonds, 

Fitchburg Railroad bonds, 

Norwich & Worcester Railroad bonds, 



Par Value. 

&2 1,400 00 

30,000 00 

12,000 00 

16,000 00 

20,000 00 

1,800 00 

17,800 00 

35,600 00 

10,000 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 

3,500 00 

10,000 00 

20,000 00 

5,000 00 

2,000 00 

1,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

15,000 00 

5,000 00 

5,000 00 

10,000 00 

5,000 00 

12,000 00 

2,000 00 

5,000 00 



Market Value. 

$16,745 00 

25,200 00 

12,600 00 

23,840 00 

20,000 00 

2,380 00 

19,268 00 

38,092 00 

8,200 00 

26,050 00 

51,600 00 

7,000 00 

8,200 00 

1,225 00 

10,650 00 

4,900 00 

4,125 00 

1,600 00 

987 00 

10,450 00 

10,525 00 

5,325 00 

11,100 00 

15,675 00 

5,200 00 

5,400 00 

10,450 00 

5,400 00 

12,060 00 

2,010 00 

5,025 09 
ml 



1410,100 00 $425,582 00 



Summary of Assets Dec. 

Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



31, 1896. 

$108,500 00 

1,014 45 

425,582 00 

1,111 47 

45,744 10 

1,540 42 

24,357 40 



$607,849 84 



* Value of lands mortgaged $116,200 00 

Value of buildings thereon, ....... 104,600 00 

Amount of insurance held as collateral, .... 111,700 00 



118 



MERCANTILE FIRE AND MARINE INSURANCE CO. 



Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



SI 1,882 00 

148,160 30 

467 64 

37 66 

3,034 37 

2,562 40 

304 77 



Surplus over capital, . 



$166,449 14 

$441,400 70 
400,000 00 

$41,400 70 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 



Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Gross cash income, .... 



$22,730 67 
237,026 29 

$259,756 96 
24,357 40 

$235,399 56 
54,383 83 

$82 74 
200 19 



sources, 



1181,015 73 



282 93 

3,512 89 

18,312 90 

$203,124 45 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 



191,132 72 
24,198 00 
40,848 29 
18,667 00 
4,679 47 
16,498 66 



Gross cash expenditures, 



$196,024 14 



NORTH AMERICAN INSURANCE CO. 



119 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

.129,089,963 00 $325,120 38 
. 21,642,153 00 237,026 29 



Total, 

Deduct risks expired and terminated, 

In force at end of year. . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1896, . 

Deduct risks expired and terminated, 



.|50,732,116 00 $562,146 67 
. 20,478,849 00 230,378 49 



.|30,253,267 00 $331,768 18 
. 3,270,771 00 36,577 86 



. f26,982,496 00 $295,190 32 
$5,000 00 $200 19 

$5,000 00 $200 19 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



58,401,119 00 

5,801,769 00 

77,555 00 

2,220,720 00 

24,000 00 

11,200 00 



NORTH AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated December, 1872. Commenced business Jan. 1, 1873.] 

Paid-up Capital, $200,000. 

SILAS PEILICE, President. CHARLES E. MACULLAR, Secretary. 

Office, 59 Kilby Street. 



Detailed Statement of Stocks and Bonds. 



United States bonds, ..... 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Northern Pacific R.R. bonds, . 

Union Pacific Railroad bonds, . 

Oregon Railway & Nav. bonds, 

Kan. City, Memp. & Birmingham R.R. bonds 

Consolidated Railroad of Vermont bonds, - 

Ogdensburg & Lake Cham plain R.R. bonds, 

Boston & Maine Railroad bonds, 

138 shares Boston National Bank, . 



Par Value. 

$15,000 00 

5,000 00 

5,000 00 

4,000 00 

6,000 00 

12,000 00 

7,000 00 

5,000 00 

4,000 00 

10,000 00 

13,800 00 



Market Value. 

$16,537 50 

.6,500 00 

4,443 75 

4,640 00 

5,100 00 

13,590 00 

2,645 00 

2,775 00 

3,380 00 

11,650 00 

12,420 00 



120 



NORTH AMERICAN INSURANCE CO. 





Par Value. 


Market Value. 


50 shares City National Bank, 


$5,000 00 


$3,575 00 


100 " Eliot National Bank, 


10,000 00 


12,200 00 


17 " Exchange National Bank, 


1,700 00 


2,125 00 


95 " Globe National Bank, 


9,500 00 


7,980 00 


29 " Hide and Leather National Bank, 


2,900 00 


3,142 88 


150 " Merchants 1 National Bank, . 


15,000 00 


22,950 00 


143 " Old Boston National Bank, . 


14,300 00 


15,158 00 


50 " Shoe and Leather National Bank, 


5,000 00 


4,512 50 


100 " State National Bank, 


10,000 00 


10,825 00 


67 " Suffolk National Bank, . 


6,700 00 


7,169 00 


American Sugar Refinery Co. stock, 


10,000 00 


11,100 00 


Northern R.R. Co. stock, .... 


5,000 00 


7,737 50 




$181,900 00 


$192,156 13 


Securities held as collateral for cash loans : 









Market Value. 


Loaned Thereon. 


Massachusetts State bonds, 


$26,500 00 


$25,000 00 


Vermont and Massachusetts R.R. bonds, . 


1,058 75 \ 




Boston United Gas Co. bonds, . 


1,530 00 > 


2,400 00 


Eastern R.R Co. bonds, .... 


1,185 00 ) 




Mexican Central bonds, 


8,600 00 ) 
3,800 00 S 


10,000 00 


United States Rubber Co. stock, 




$42,673 75 


$37,400 00 


Summary of Assets Dec 


. 31, 1896. 




Cash value of unencumbered real estate, 


$48,300 00 




Loans on mortgage of real estate (first liens *) 


81,750 00 




Interest due or accrued thereon, 


1,067 14 




Stocks and bonds, as per schedule, . 


192,156 13 




Loans on collateral security, as per schedule, 


37,400 00 




Cash in the office and in bank, 


12,245 05 




Interest due and accrued, . 


3,111 64 




Premiums in course of collection (gross), 


23,856 29 




Rents due and accrued, 


1,216 25 




Gross assets, 




$401,102 50 




Liabilities. 






Losses adjusted, unpaid, 


$3,940 68 




Losses disputed or resisted, . 


7,337 46 




Total amount of losses, 


$11,278 14 




Less reinsurance, 


753 33 




Net amount of unpaid losses, . 


$10,524 81 




Unearned premiums on outstanding risks, 


140,086 54 




* Value of lands mortgaged 


. $50,350 00 






00 


Amount of insurance held as collateral, 


85,150 00 



NORTH AMERICAN INSURANCE CO. 



121 



Cora missions and brokerage, . 
Return premiums, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . 



1,750 87 
252 10 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Bank tax refunded, . . . . 

Gross cash income, . . 

Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for tire losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employee 
for State and local taxes, 
for rent and incidentals, . 

Gross cash expenditures, . 



|28,065 65 
120 04 

|27,945 61 
216,582 96 

$244,528 57 
23,856 29 

$220,672 28 
56,576 73 



sources, 



$96,607 92 
12,498 04 



s, 



$154,614 32 

$246,488 18 
200,000 00 



,488 18 



$164,095 55 

3,539 20 

10,811 98 

1,043 62 

542 69 

$180,033 04 



$84,109 88 
12,000 00 
33,517 51 
17,300 00 
3,234 74 
17,209 41 

$167,371 54 



Eisks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$30,207,924 00 
21,215,082 00 



$51,423,006 00 
19,297,990 00 



$32,125,016 00 
3,831,565 00 



Premiums. 

$318,789 86 
216,582 96 

$535,372 82 
207,107 04 

$328,265 78 
41,450 15 



$28,293,451 00 $286,815 63 



122 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the } r ear (6 per cent.), . 
Company's stock owned by directors, 



$2,901,345 00 

1,410,200 00 

84,128 00 

323,000 00 

12,000 00 

26,700 00 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated 1849. Commenced business 1851.] 
Paid-up Capital, $1,500,000. 



A. W. DAMON", President. 



S. J. HALL, Secretary. 



Detailed Statement of Stocks 



United States bonds, .... 
Amherst (Mass.) Water Co. bonds, . 
Ann Arbor (Mien.) Water Co. bonds, 
Berkshire (Mass.) Water Co. bonds, 
Wakefield (Mass.) Water Co. bonds, 
West Springfield (Mass.) Aqueduct Co. bonds 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago, Burlington & Northern R.R. bonds, 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Chicago & Northwestern R.R. bonds, 
Detroit, Lansing & Northern R.R. bonds, 
Kan. City, St. Joe & Council Bluffs R.R. bonds 
New York & Harlem R.R. bonds, . 
N. Y., N. H. & Hart. R.R. deb. bonds, . 
St. Paul, Minneapolis & Manitoba R.R. bonds 
Union Pacific Railroad bonds, . 
1,500 shares Boston & Albany Railroad, . 

634 ' 

750 

550 

550 

400 

500 

563 
1,000 
2,050 

600 

240 

226 



Chicago & Alton Railroad, . 
Chicago, Burl. & Quincy R.R., 
Chicago, Mil. & St. Paul R R , 
Chicago, Rock Island & Pac. R.R 
Connecticut River Railroad, 
Conn. & Passumpsic Rivers R.R 
Illinois Central Railroad, 
New York & Harlem Railroad, 
N.Y., New Haven & Hartford R.R 
Pennsylvania Railroad, 
Rome, Watertown & Ogdens. R.R 
Springfield Street Railway, . 



and Bonds. 

Par Value. 

$94,000 00 
16,000 00 
50,000 00 
15,000 00 
50,000 00 
25,000 00 
26,000 00 
11,000 00 
10,000 00 
50,000 00 
2,000 00 

100,000 00 
10,000 00 
60,000 00 
50,000 00 
47,000 00 

150,000 00 
63,400 00 
75,000 00 
55,000 00 
55,000 00 
40,000 00 
50,000 00 
56,300 00 
50,000 00 

205,000 00 
30,000 00 
24,000 00 
22,600 00 



Market Value. 

$105,600 00 

16,480 00 

53,000 00 

15,450 00 

53,000 00 

27,250 00 

26,050 00 

11,330 00 

13,000 00 

57,000 00 

1,200 00 

120,000 00 

11,100 00 

81,600 00 

59,000 00 

45,590 00 

313,500 00 

103,976 00 

52,500 00 

72,050 00 

36,300 00 

100,000 00 

52,500 00 

52,359 00 

145,000 00 

364,900 00 

31,200 00 

28,320 00 

45,200 00 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



123 



1,000 shares West End Street Railway, . 

203 " Agawam Nat'l Bank, Springfield 

100 " Chapin National Bank, Springfield 

104 " Chicopee Nat'l Bank, Springfield 

100 " City National Bank, Springfield, 

200 " First National Bank, Springfield, 

200 " John Hancock N'l B'k, Springfield 

127 " Pynchon N'l Bank, Springfield, 

200 " Second National B'k, Springfield, 

200 " Third National Bank, Springfield 

100 " Atlas National Bank, Boston, 

100 " Boston National Bank, Boston, 

150 " Boylston National Bank, Boston, 

100 " Eliot National Bank, Boston, 

100 " Freeman's National Bank, Boston 

300 " Howard National Bank, Boston, 

100 " Merchants' National Bank, Boston 

200 " N'l B'k of Commonwealth, Boston 

100 " N'l Bank of Commerce, Boston, 

100 " National Exchange Bank, Boston 

100 " New England N'l Bank, Boston, 

100 " Old Boston N'l Bank, Boston, 

100 " Shawmut National Bank, Boston, 

50 " Tremont National Bank, Boston, 

100 " Washington N'l Bank, Boston, 

100 " Webster National Bank, Boston, 

65 " First National Bank, Chicopee, 

67 " Franklin Co. N'l Bank, Greenfield 

250 " City National Bank, Holyoke, 

50 " First National Bank, Lynn, . 

10 " Monson National Bank, Monson 

20 " Adams N'l Bank, No. Adams, 

60 " First N'l Bank, Northampton, 

100 " Northampton N'l B'k, N'hampton 

37 " Palmer National Bank, Palmer, 

75 " Ware National Bank, Ware, 

100 " Bank of No. America, New York 

200 " Continental N'l Bank, New York 

200 " Fourth National Bank, New York 

100 " N'l B'k of Commerce, New York 

100 " St. Paul Nat'l B'k, St. Paul, Minn. 



P ar Value. 

$50,000 00 

20,300 00 

10,000 00 

10,400 00 

10,000 00 

20,000 00 

20,000 00 

12,700 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 

15,000 00 

10,000 00 

10,000 00 

30,000 00 

10,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

6,500 00 

6,700 00 

25,000 00 

5,000 00 

1,000 00 

2,000 00 

6,000 00 

10,000 00 

3,700 00 

7,500 00 

7,000 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 



Market Value. 

$85,000 00 

20,300 00 

13,500 00 

16,120 00 

14,700 00 

22,000 00 

22,000 00 

17,145 00 

27,000 00 

42,000 00 

11,400 00 

^8,800 00 

18,750 00 

12,200 00 

8,700 00 

26,100 00 

14,200 00 

27,600 00 

11,200 00 

12,500 00 

14,900 00 

10,600 00 

11,200 00 

4,100 00 

10,200 00 

10,000 00 

9,425 00 

7,236 00 

25,000 00 

7,250 00 

1,400 00 

2,400 00 

7,800 00 

15,000 00 

5,180 00 

8,250 00 

9,450 00 

27,000 00 

36,000 00 

20,200 00 

10,000 00 



$2,016,100 00 $2,778,261 00 



Securities held as collateral for cash loans : — 

100 shares West Springfield Aqueduct Co., 
413 " Thompsonville (Ct.) Water Co., . 
30 " West Springfield Aqueduct Co., 



Market Value. Loaned Thereon. 

$21,500 00 $10,000 00 

12,390 00 10,000 00 

6,450 00 3,200 00 



124 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



Market Value. Loaned Thereon. 



45 shares Third National Bank, Springfield, 

17 " Springfield Street Railway Co., 

15 " West Springfield Aqueduct Co., 

100 " Nonotuck Paper Co., Holyoke, 

108 " Parson's Paper Co., Holyoke, . 

22 " Chicago & Alton Railroad Co., 

50 " Boston & Mont. Copper Mining Co., 

7 " Pullman Palace Car Co., 



$9,450 00 ) 
3,400 00 S 
3,225 00 
30,000 00 ) 
43,200 00 S 
3,608 00>| 
4,750 00 }» 
1,050 00 J 



$6,000 00 

2,500 00 

50,000 00 

5,000 00 



$139,023 00 $86,700 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, 

Premiums in course of collection (gross), 

Rents due and accrued, .... 

Reinsurance, 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $4,020,124 75 



$134,000 00 

648,050 00 

19,054 16 

2,778,261 00 

86,700 00 

62,034 20 

73,385 86 

28,389 82 

272,659 17 

995 16 

1,845 38 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



$57,313 11 
90,875 65 
22,684 51 

§170,873 27 
14,916 40 

$155,956 87 

1,509,455 96 

54,531 83 

36,460 85 

£1,756,405 51 
14,340 44 



1,105,374 75 
85,250 00 



1,742,065 07 

52,278,059 68 
1,500,000 00 

$778,059 68 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$498,650 00 
842,850 00 
740,350 00 



SPRINGFIELD FIRE AND MARINE INSURANCE CO. 



125 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $239,461 01 
Premiums on risks written or renewed, . . 2,204,0(57 97 

Total, $2,443,528 98 

Premiums now in course of collection, . . 272,659 17 

Entire premiums collected, .... $2,170,869 81 
Less reinsurance and return premiums, . . 354,367 91 

Net cash lire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



Gross cash income, 



fl,816,501 90 

24,290 42 

129,631 50 

4,951 99 

$1,975,375 81 



Expenditures. 

Cash paid for fire losses, $ 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



,018,673 71 
62,281 88 



$956,391 83 

150,000 00 

297,771 78 

90,302 51 

70,116 17 

197,018 87 

1,761,601 16 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$270,396,221 00 $2,999,751 94 
169,543,690 00 2,204,067 97 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$439,939,911 00 $5,203,819 91 
167,618,991 00 2,138,196 35 



$272,320,920 00 $3,065,623 56 
11,501,585 00 110,566 74 



$260,819,335 00 $2,955,056 82 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, ... 
Marine and inland losses incurred during the year, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, 



$38,226,863 00 

23,506,037 00 

925,118 00 

3,404,542 00 

150,000 00 

133,700 00 



AGGREGATE* 



Capital Stock. 




Whole amount of capital actually paid up in cash, 


$3,800,000 00 


Assets. 




Gross present assets, 


9,216,264 00 


Liabilities. 




Gross present liabilities, 


2,945,380 00 


Income. 




Cash actually received for lire premiums, .... 


f2,562,687 00 


actually received for marine premiums, 


832,909 00 


for interest and dividends from all sources, 


350,111 00 


from all other sources, 


6,651 00 


Gross cash income, 


$3,752,358 00 


Expenditures. 




Cash actually paid during the year for fire losses, 


$1,313,947 00 


actually paid during the year for marine losses, 


724,713 00 


dividends to stockholders, .... 


336,203 00 


for brokerage and commissions on premiums, 




490,079 00 


for salaries and pay of officers and employees, 




221,652 00 


for State and local taxes, .... 




97,501 00 


for office, agency and incidental expenses, 




359,107 00 


Gross cash expenditures, 


$3,543,202 00 


Miscellaneous. 




Whole amount of fire risks written during the year, . 


$261,928,207 00 


premiums charged or receivable thereon, 




3,169,398 00 


marine risks written during the year, 




58,904,178 00 


premiums charged or receivable thereon, 




887,567 00 


fire risks terminated during the year, 




252,316,669 00 


marine risks terminated during the year, 




61,161,471 00 


fire risks outstanding at end of year, 




385,623,767 00 


marine risks outstanding at end of year, 




6,851,354 00 


cash dividends declared during the year, 




336,000 00 


fire losses incurred during the year, 




1,272,223 00 


marine losses incurred during the year, . 




799,254 00 



FIRE, MAEINE AND FIRE-MARINE 
INSITKANCE COMPANIES 

OF OTHER STATES. 



Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1896. 



128 



.ETNA INSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



.ETNA INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June, 1819. Commenced business August, 1819.] 



Paid-up Capital, $4,000,000. 



WM, H. KING, Secretary. 



WM. B. CLARK, President. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . . . ' . . . $200,000 00 $222,750 00 

Alabama State bonds, 10,000 00 10,500 00 

Georgia State bonds, 25,000 00 28,750 00 

Mississippi State bonds, 11,000 00 12,100 00 

New Hampshire State bonds, .... 39,500 00 43,450 00 

Tennessee State bonds, 23,000 00 18,860 00 

Arizona Territory bonds, . . ... . 15,000 00 15,450 00 

Hartford County, Conn., bonds, . . . 5,000 00 5,000 00 

Mecklenburg County, N. C, bonds, . . . 67,000 00 76,380 00 

Spokane Co., Wash., court house and jail bonds, 25,000 00 26,750 00 

Talbot County, Ga., court house bonds, . . 11,000 00 11,550 00 

Norwich, Conn., town bonds 100,000 00 126,000 00 

Windsor Locks, Conn., town bonds, . . . 10,000 00 10,300 00 

Albina, Oregon, city boulevard bonds, . . 25,000 00 31,250 00 

Americus, Ga., city pub. b'ld'g and school bonds, 6,000 00 6,600 00 

Bainbridge, Ga., city academy bonds, . . 8,000 00 8,800 00 

Boston, Mass., city bonds, .... 30,000 00 34,800 00 

Brooklyn, N. Y., city bonds, .... 1,000 00 1,050 00 

Buffalo, N. Y., city bonds 50,000 00 61,000 00 

City of Sioux Falls, So. Dakota, funding bonds, 25,000 00 25,500 00 

Chicago, 111., city bonds, 16,000 00 17,120 00 

Chicago sanitary district bonds, . . . 50,000 00 55,000 00 

Columbus, Ohio, city improvement bonds, . 9,000 00- 9,630 00 

Dalles City, Oregon, water bonds, .. . . 25,000 00 27,000 00 

Dallas, Texas, city water and sewer bonds, . 50,000 00 51,500 00 

Dayton, Ohio, city street paving bonds, . . 25,000 00 28,000 00 

Fostoria, Ohio, city water bonds, . . . 25,000 00 26,250 00 

Fort Wayne, Ind, city bonds, .... 25,000 00 26,500 00 

Glenville, Ohio, village bonds, . . . . 7,000 00 7,140 00 

Greensboro, N. C, city school bonds, . . 24,000 00 25,200 00 

Greenville, Ala., school bonds, . . . 20,000 00 21,000 00 

Hamilton, Ohio, city gas works bonds, . . 25,000 00 26,000 00 

Hartford, Conn , city bonds, .... 51,000 00 54,570 00 

Jersey City, N. J., city hall bonds, . . . 25,000 00 28,500 00 



iETNA INSURANCE CO. 



129 



Kansas City, Kan., improvement bonds, 

Lexington, Ky., city bonds, 

Lock port, N. Y., city bonds, 

Montreal, Canada, corporation stock, 

Montreal, Canada, harbor bonds, 

New Brunswick, N. J., water bonds, 

Ogden City, Utah, improvement bonds, 

Port of Portland, Oregon, gold bonds, 

Providence, R. I., city bonds, . 

Railway, N. J., city bonds, 

Richmond, Va., city bonds, 

Roanoke, Va., city bonds, 

Seattle, Wash., city bonds, 

St. Louis, Mo., city gold bonds, 

Superior, Wis., city bonds, 

Tacoma, Wash., city water and light bonds, 

Toledo, Ohio, city special bonds, 

Topeka, Kan., city funding bonds, . 

Urbana, Ohio, city bonds, . 

Watson ville, Cal., school bonds, . . 

Winston, N. C, city bonds, 

Brookline Wharf and Warehouse Co. bonds, 

Central Safety Deposit Co. bonds, Chicago, 

Tacoma Safety Deposit Co. bonds, Chicago, 

Northeast School Dist., Hart., Conn., bonds, 

School District, No. 2, Enfield, Conn., bonds, 

School Dist., No. 1, Co. of Pueblo, Col., bonds, 

School Dist., No. 24, Woodbridge, N. J., bonds, 

State of 111 , Mason & Tazewell drain, dist. b'ds, 

Y. M. C. A., Wilmington, N. C, bonds, 

Albany & Susquehanna R.R. bonds, 

Alabama Central R.R. bonds, . 

Atchison, Colorado & Pacific R.R. bonds, 

Akron & Chicago Junction R.R. bonds, 

Buffalo & Erie R.R. bonds, 

Buffalo, New York & Erie R.R. bonds, 

Canadian Pacific Railway Co. land grant b 1 ds, 

Central ia & Chester Railroad bonds, 

Chesapeake & Ohio Railroad bonds, 

Cleve , Col., Cin. & Indianapolis R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Chicago, Milwaukee & St. Paul R.R. bonds, 

Chicago & Northwestern Railroad bonds, 

Chicago, Rock Island & Pacific R R. bonds, 

Chicago & Western Indiana Railroad bonds, 

Cincinnati, Dayton & Ironton Railroad bonds 

Cincinnati, Hamilton & Dayton R.R. bonds, 

Columbus & Toledo Railroad bonds, 



Par Value. 

$42,500 00 

50,000 00 

20,000 00 

19,000 00 

4,000 00 

8,000 00 

18,000 00 

50,000 00 

50,000 00 

22,000 00 

44,750 00 

30,000 00 

50,000 00 

50,000 00 

25,000 00 

25,000 00 

13,000 00 

25,000 00 

25,000 00 

13,000 00 

25,000 00 

100,000 00 

50,000 00 

50,000 00 

20,000 00 

4,000 00 

25,000 00 

5,000 00 

9,000 00 

20,000 00 

100,000 00 

25,000 00 

50,000 00 

25,000 00 

46,000 00 

20,000 00 

100,000 00 

25,000 00 

50,000 00 

85,000 00 

187,000 00 

210,000 00 

155,000 00 

160,000 00 

98,000 00 

25,000 00 

82,000 00 

90,000 00 



Market Value. 

$44,625 00 

54,500 00 

21,400 00 

20,900 00 

4,000 00 

8,800 00 

18,360 00 

56,000 00 

55,500 00 

19,140 00 

49,902 50 

31,800 00 

51,500 00 

53,000 00 

25,750 00 

25,750 00 

14,430 00 

25,750 00 

25,000 00 

13,600 00 

25,000 00 

100,000 00 

50,000 00 

52,500 00 

20,000 00 

4,000 00 

25,000 00 

5,200 00 

9,900 00 

20,000 00 

121,500 00 

27,750 00 

15,000 00 

25,750 00 

48,300 00 

27,400 00 

111,000 00 

23,750 00 

49,500 00 

105,825 00 

197,210 00 

263,050 00 

194,900 00 

183,100 00 

111,900 00 

27,000 00 

91,400 00 

105,280 00 



130 



JETNA INSURANCE CO. 



Connecticut River Railroad coupon scrip, 
Dayton & Western Railroad bonds, 
Delaware & Hudson Canal Co. bonds, 
Flint & Pere Marquette Railroad bonds, . 
Hartford Street Railway Co. bonds, . 
Harlem River & Port Chester Railroad bonds 
Indiana & Lake Michigan Railroad bonds, 
Indianapolis & Vincennes Railroad bonds, 
Iowa Midland Railroad bonds, 
Jeffersonville, Madison & Indiana R.R. bonds 
Kansas Pacific Railroad bonds, 
Keokuk & Des Moines Railroad bonds, . 
Lake Shore Railroad bonds, 
Lake Shore & Michigan Southern R.R. bonds 
Louisville, New Albany & Chicago R.R. bonds 
Louisiana & Missouri River R.R. bonds, . 
Mahoning Coal Railroad bonds, 
Michigan Central Railroad bonds, . 
Minneapolis & St. Louis Railroad bonds, 
Minneapolis Union Railroad bonds, . 
Morris & Essex Railroad bonds, 
N. Y. Central & Hudson River Railroad bonds 
New York & Harlem Railroad bonds, 
New York, Lake Erie & Western R.R. bonds 
New York & New England R.R. bonds, . 
N Y., New Haven & Hartford R.R. certificates 
Norfolk & Western Railroad bonds, 
North Chicago Street Railroad bonds, 
Northwestern Union Railroad bonds, 
Oswego Railroad Bridge Co. bonds, 
Ohio & West Virginia Railroad bonds, . 
Pittsburgh, Fort Wayne & Chicago R R. bonds 
St. Louis, Alton & Terre Haute bonds, . 
St. Paul, Minneapolis & Manitoba R R. bonds 
St. Paul & Northern Pacific Railroad bonds, 
St. Paul & Sioux City Railroad bonds, 
Terre Haute & Peoria Railroad bonds, 
Toledo & Ohio Central Railroad bonds, 
Vermont Valley Railroad bonds, 
Wabash Railroad bonds, . 
West Chicago Street Railroad tunnel bonds, 
West Shore Railroad bonds, 
Loan & Guarantee Co. of Connecticut bonds, 
Atlantic Mutual Insurance Company scrip, 
400 shares American Telegraph & Cable Co., 
300 " International Ocean Tel. Co., . 
84 " Brooklyn Wharf & WarehouseCo., 
50 " Connecticut River Company, . 



Par Value. 

|15,000 00 
28,000 00 
25,000 00 
50,000 00 
50,000 00 

150,000 00 
50,000 00 
49,000 00 
25,000 00 
20,060 00 
25,000 00 
40,000 00 
30,000 00 
95,000 00 
25,000 00 
25,000 00 
30,000 00 
50,000 00 
50,000 00 
50,000 00 

135,000 00 

175,000 00 
10,000 00 
45,000 00 
50,000 00 
75,000 00 
50,000 00 
25,000 00 
25,000 00 
50,000 00 
26,000 00 

196,000 00 
25,000 00 
1,000 00 
50,000 00 
20,000 00 
25,000 00 
25,000 00 
50,000 00 
25,000 00 
50,000 00 
50,000 00 
10,000 00 
65,040 00 
40,000 00 
30,000 00 
8,400 00 
5,000 00 



Market Value. 

$15,000 00 
31,360 00 
36,000 00 
40,250 00 
51,000 00 

176,000 00 
42,500 00 
59,290 00 
27,500 00 
22,900 00 
16,500 00 
41,200 00 
32,400 00 

111,500 00 
26,250 00 
28,250 00 
35,100 00 
57,500 00 
61,750 00 
60,500 00 

187,900 00 

211,750 00 
11,100 00 
63,000 00 
61,500 00 

102,750 00 
60,500 00 
25,875 00 
34,500 00 
59,000 00 
31,200 00 

267,970 00 
26,125 00 
1,100 00 
62,000 00 
25,600 00 
21,250 00 
27,000 00 
55,000 00 
26,500 00 
51,000 00 
53,250 00 
10,000 00 
68,292 00 
36,000 00 
33,000 00 
840 00 
1,000 00 



.ETNA INSURANCE CO. 



131 



10 shares 


500 


t( 


250 


cc 


150 


(C 


750 


(( 


1,000 


(C 


240 


(C 


220 


It 


300 


It 


500 


IC 


300 


cc 


400 


(( 


100 


tc 


400 


;< 


200 


(C 


1,000 


ct 


800 


CI 


500 


u 


1,875 


cc 


1,000 


CC 


500 


u 


750 


cc 


150 


cc 


600 


cc 


200 


cc 


200 


cc 


200 


cc 


400 


cc 


180 


cc 


150 


cc 


350 


cc 


200 


cc 


1,000 


cc 


550 


cc 


1,000 


cc 


550 


cc 


400 


cc 


400 


cc 


300 


cc 


100 


cc 


300 


cc 


100 


cc 


700 


cc 


120 


cc 


1,200 


cc 


400 


cc 


200 


cc 


500 


cc 



Underwriters' Salvage Co., N. Y. 
Albany & Susquehanna R.R Co 
Bald Eagle Valley Railroad Co., 
Central Ohio Railroad Compan} r 
Cleve., Cinn., Chic. & St. L. R.R. 
Cleveland & Pittsburgh Railroad 
Chicago, Burl. & Quincy R R., 
Chic, Rock Island & Pacific R.R. 
Connecticut River Railroad Co., 
Conn. & Passumpsic Rivers R R. 
Dayton & Michigan Railroad Co 
Fort Wayne & Jackson Railroad 
Joliet & Chicago Railroad Co., 
Kalamazoo, Alle. & G.R. R.R. Co. 
Keokuk & Des Moines R.R. Co., 
Morris & Essex Railroad Co., 
N.Y.C & Hudson River R.R, Co. 
New York & Harlem R.R. Co., 
N. Y., N. H. & Hartford R.R. Co. 
Northwest Telegraph Company, 
Oswego & Syracuse R.R Co., 
Pitts., Ft Wayne & Chic. R.R. Co 
Peoria & Bureau Valley R.R. Co. 
Rensselaer & Saratoga R.R. Co., 
Valley (New York) Railroad Co. 
iEtna N'l Bank, Hartford, Conn. 
American N'l Bank, Hart., Conn. 
Charter Oak N'l B'k, Hart , Conn. 
City B'k of Hart'f'd, Hart , Conn. 
Conn. River B'k'g Co , Ht., Conn. 
Farm. & Mech. N'l B'k, Ht., Conn. 
First Natl Bank, Hart., Conn., 
Hartford Nafl Bank, Hart., Conn. 
Nat'l Exchange B'k, Hart., Conn. 
Phoenix Nat'l Bank. Hart, Conn. 
State Bank, Hartford, Conn., 
American Ex. Nat'l Bank, N.Y., 
Bank of the Manhattan Co., N.Y. 
B'k of N.Y. N'l B'k'g Ass'n, N.Y. 
Hanover National Bank, N.Y., 
Importers & Trad. N'l Bank, N Y. 
Market & Fulton N'l Bank, N Y. 
Merchants' National Bank, N. Y. 
Merchants' Ex. Nat'l Bank, N. Y, 
Mechanics' National Bank, N.Y, 
Metropolitan Nat'l Bank, N.Y., 
Nassau Bank, N.Y., 
National B'k of Commerce, N Y, 



Par Value. 

$1,000 00 
50,000 00 
12,500 00 
7,500 00 
75,000 00 
50,000 00 
24,000 00 
22,000 00 
30,000 00 
50,000 00 
15,000 00 
40,000 00 
10,000 00 
40,000 00 
20,000 00 
50,000 00 
80,000 00 
25,000 00 

187,500 00 
50,000 00 
25,000 00 
75,000 00 
15,000 00 
60,000 00 
20,000 00 
20,000 00 
10,000 00 
40,000 00 
18,000 00 
4,500 00 
35,000 00 
20,000 00 

100,000 00 
27,500 00 

100,000 00 
55,000 00 
40,000 00 
20,000 00 
30,000 00 
10,000 00 
30,000 00 
10,000 00 
35,000 00 
6,000 00 
30,000 00 
40,000 00 
10,000 00 
50,000 00 



Market Value. 

$500 00 
87,500 00 
25,000 00 
4,950 00 
56,250 00 
82,500 00 
16,800 00 
14,520 00 
75,000 00 
52,500 00 
27,000 00 
50,000 00 
16,000 00 
52,800 00 
3,000 00 
82,500 00 
76,000 00 
72,500 00 

337,500 00 
55,000 00 
50,750 00 

125,250 00 
25,500 00 

110,400 00 
22,000 00 
29,000 00 
14,000 00 
40,000 00 
19,260 00 
6,750 00 
40,250 00 
23,000 00 

140,000 00 
35,750 00 

125,000 00 
60,500 00 
69,200 00 
42,400 00 
72,600 00 
32,700 00 

162,300 00 
22,500 00 
48,300 00 
6,900 00 
57,000 00 
5,200 00 
15,300 00 

102,500 00 



132 



JETNA INSUKANCE CO. 



200 shares 


150 


it 


300 


tc 


100 


It 


300 


tt 


200 


It 


100 


tt 


250 


tt 


100 


tt 


100 


tt 


100 


tt 


100 


tt 


100 


tt 


150 


tt 


100 


tt 


100 


tt 



Nat'l B'k of North America, N.Y 
Nat'l Bank of the Republic, N.Y 
Nat'l Butch. & Drovers' B'k, N.Y, 
National City Bank, N.Y., . 
Phenix National Bank, N.Y., 
People's Bank, N.Y., . . . 
Third National Bank, N.Y., . 
Farm. & Mech. N'l B'k, Phila., Pa 
First National B'k, Albany, N.Y 
New Brit. N'l B'k, N. Brit., Conn 
Central Trust Co., N.Y , 
Holland Trust Co., N.Y., . 
Metropolitan Trust Co., N.Y., 
N.Y. Life Ins. & Trust Co., N.Y, 
United States Trust Co., N.Y., 
Union Trust Co., KY., 



Par Value. 

$14,000 00 
15,000 00 
7,500 00 
10,000 00 
6,000 00 
5,000 00 
10,000 00 
25,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
15,000 00 
10,000 00 
10,000 00 



Market Value. 

f 18,200 00 
23,100 00 
9,900 00 
60,000 00 
6,480 00 
12,500 00 
10,100 00 
27,250 00 
16,000 00 
16,000 00 

108,000 00 
10,000 00 
31,000 00 

156,000 00 

109,000 00 
83,000 00 



',665,190 00 $9,817,584 50 



Securities held as collateral for cash loans :- 

25 shares National Bank of Commerce, N.Y., . 
25 " Mechanics' National Bank, N.Y., . 

2 " American Bell Telephone Co., 

3 " Chicago, Burlington & Quincy R.R., 
2 " Manhattan Railway Co., . 

2 " National New Haven Bank, 
10 " New York & New Jersey Tel. Co., 

4 " Nat'l Pipe Bending Co., New Haven, 



340 00 
1,220 00 
400 00 J 



1,600 00 



Market Value. Loaned Thereon. 

$5,125 00 ) 

1,187 50 $ 

400 00^ 

210 00 J 

176 00 ' 



}> 2,000 00 



>,058 50 $5,600 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



Balance, 



$225,000 00 

36,500 00 

313 46 

9,817,584 50 

5,600 00 

1,494 19 

788,381 43 

512 50 

602,856 67 



-$11,478,242 75 
253,717 50 

$11,224,525 25 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$42,500 00 
40,000 00 
26,500 00 



iETNA INSURANCE CO. 



133 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Due for reinsurance, .... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



1,478 78 
241,238 44 
55,446 73 

$360,163 95 
19,158 01 

$341,005 94 

3,025,736 77 

52,118 64 

1,000 00 

101,742 34 

99,526 42 

199,829 38 

£3,820,959 49 
165,161 40 



$3,655,798 09 



£7,568,727 16 
4,000,000 00 

£3,568,727 16 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, . . 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



$533,583 86 
4,403,252 53 

$4,936,836 39 
537,780 61 

$4,399,055 78 
796,668 87 



1,410 25 
221,664 66 

$261,074 91 
65,076 06 

$195,998 85 
67,270 96 



sources, 



,712 38 



;,602,386 91 



128,727 89 

1,985 00 

480,428 03 

6,437 47 

[,219,965 30 



134 



^ETNA INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, .... 



$867 55 



11,779,369 60 
106,456 10 
720,000 00 
628,510 30 
260,102 97 
80,307 55 
265,762 05 



1,840,508 57 



$884,429,905 00 $10,715,415 01 
361,517,924 00 4,449,750 10 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1895, . $519,123,799 00 $6,312,162 48 
Fire risks written during 1896, . . 365,306,106 00 4,403,252 53 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 
Perpetual risks in force (notincl'd above), 



$522,911,981 00 
37,586,261 00 



1,265,664 91 
446,653 93 



$485,325,720 00 $5,819,010 98 
|2,330,828 00 $54,861 72 



Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 

■ 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$2,487,355 00 
88,317,290 00 



5,545 08 
221,664 66 



,804,645 00 $305,209 74 
86,871,089 00 179,698 53 



1,933,556 00 $125,511 21 
473,448 00 20,209 01 



1,460,108 00 $ 105,302 20 



Miscellaneous. 

Premiums received from organization of the company, . 
Losses paid from organization of the company, 
Fire losses incurred during; the vear, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (18 per cent.), 
Company's stock owned by directors, .... 



$141,174,100 00 
79,198,979 00 
1,711,275 00 
116,980 00 
22,913,365 00 
720,000 00 
343,100 00 



AGRICULTURAL INSURANCE CO. 



135 



« AGRICULTURAL INSURANCE COMPANY," WATERTOWN, N. Y. 

[Incorporated 1853.* Commenced business February, 1853.] 

Paid-up Capital, $500,000. 

JEAN R. STEBBINS, President. H. M. STEVENS, Secretary. 



Detailed Statement of Stocks and Bonds. 



Union Pacific Railroad bonds, . 

City of Kingston bonds, .... 

City of Richmond bonds, .... 

Dexter Sulphite Pulp and Paper Co. bonds, 

Chicago, Rock Island & Pacific R.R. bonds, 

New York Central & Hudson River R.R. stock, 

Chicago, Milwaukee & St. Paul R R. stock, 

Western Union Telegraph stock, 

National Union Bank stock, 

Jefferson County National Bank stock, 

Watertown National Bank stock, 

Excelsior Carriage Co. stock, . 

Union Building and Loan Co. certificate, 



Par Value. 

$2,000 00 

138,100 00 

27,000 00 

5,000 00 

25,000 00 

20,000 00 

30,000 00 

108,500 00 

16,800 00 

800 00 

10,500 00 

2,500 00 

10,000 00 



Market Value. 

$2,060 00 

149,148 00 

27,000 00 

5,000 00 
26,000 00 
18,700 00 
22,012 50 
90,461 87 
28,700 00 

1,520 00 
19,425 00 

2,500 00 
10,000 00 



$396,200 00 $402,527 37 



Securities held as collateral for cash loans : — 



Real estate mortgages, 

Deeds of real estate, .... 

The Bagley & Sevvall Co. stock, 

Watertown Spring Wagon Co. stock, 

Chicago & Alton R.R. stock, 

First National Bank of Carthage, N. Y., stock, 

National Bank of Fayetteville, N. Y., stock, . 

Felts Mills Paper Co. stock, . 

Remington Paper Co. stock, . 

First National Bank of Frankfort, N. Y., stock, 

First National Bank of Herkimer, N. Y., stock, 

Watertown Steam Engine Co. stock, 

Watertown National Bank stock, 

Hudson River Pulp and Paper Co. stock, 

Watertown National Bank stock, 

Ontario Paper Co. stock, .... 

Remington Paper Co. stock, 

Utica City National Bank stock, 

N. Y. Central & Hudson River R.R. stock, 



Market Value. 

$50,210 50 

35,000 00 

23,700 00 

4,200 00 

7,040 00 

' 6,250 00 

1,667 50 

5,200 00 

3,000 00 

11,250 00 

12,150 00 

9,800 00 

2,775 00 

30,000 00 

1,850 00 

3,700 00 

11,900 00 

2,000 00 

5,142 50 



Loaned Thereon. 

|39,610 50 

23,942 30 

10,000 00 

3,500 00 

3,899 91 

5,000 00 

914 06 

2,500 00 

2,046 45 

18,000 00 

9,000 00 

2,100 00 

25,000 00 

3,650 00 

5,000 00 
• 6,000 00 



* Organized as mutual 1853; incorporated as stock 1C63. 



136 



AGRICULTURAL INSURANCE CO. 



Union Carriage and Gear Co stock, 
First N'l B'k of Richfield Springs, N. Y., stock, 
National Union Bank, Watertown, N. Y., stock, 
Union Nat'l Bank of Schenectady, N. Y., stock, 
Bank of Philadelphia, N. Y., stock, . 
Real estate mortgage, .... 
N. Y. Central & Hudson River R.R. stock, 
National Union Bank, Watertown, N. Y., stock 
City National Bank, Watertown, N. Y., stock, 
Watertown N'l B'k, Watertown, N. Y., stock, 
American Express Co. stock, . 
C. R. Remington & Son stock, . 
Watertown Spring Wagon Co stock, 
Carthage, Watertown & Sackets Har. R.R. st'k 
Real estate mortgage, 
Brownville Paper Co. stock, 
Willamette Pulp and Paper Co. stock, 
International Pulp Co. stock, . 
Barber Asphalt Co. stock, 
Batopilas Mining Co. bonds, 



$210 00 


5,000 


00 


3,500 


00 


1,974 


75 



Market Value. Loaned Thereon. 

$500 00 

6,000 00 
$2,050 00 

2,500 00 

1,920 00 

1,200 00 

1,309 00 

3,280 00 
625 00 [ 

1,850 00 j" 

1,635 00 

7,500 00 J 
300 00 n 
100 00 i 

1,350 00 ) 

5,000 00 
15,000 00 

2,000 00 
12,000 00 ? 

4,000 00 S 



10,000 00 



1,600 00 

4,000 00 

10,000 00 

1,500 00 

8,000 00 



$296,954 50 $205,947 97 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $245,260 00 

Loans on mortgage of real estate (first liens *), 1,067,096 97 

Interest due or accrued thereon, . . . 26,233 49 

Stocks and bonds, as per schedule, . . . 402,527 37 

Loans on collateral security, as per schedule, 205,947 97 

Cash in the office of the compan}-, . . . 15,427 39 

Cash deposited in bank, 146,751 85 

Interest due and accrued, 11,685 39 

Premiums in course of collection (gross), . 205,144 25 

Reinsurance on losses already paid, . . 6,170 49 
Prem's more than three mos. due, $8,775 41 

Gross assets, 

Deduct special deposits in other States, . . * 



>,332,245 17 
176,148 00 



Balance, $2,156,097 17 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 



$13,954 88 

37,526 32 

33,715 32 

1,331,941 54 

45,099 66 



* Total value of property mortgaged, 



$2,287,410 00 



AGRICULTURAL INSURANCE CO. 



137 



Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



£9,712 36 
3,229 50 



$1,475,179 58 
60,078 00 



Surplus over capital, 

Income. 

Fire premiums outstanding Dec. 31, 1895, . $177,379 91 

Same not collected, 8,775 41 

Net collected, $168,604 50 

Premiums on risks written or renewed, . . 1,601,106 00 

Total, $1,769,710 50 

Premiums now in course of collection, . . 205,144 25 



1,415,101 58 

$740,995 59 
500,000 00 

$240,995 59 



Entire premiums collected, .... $1,564,566 25 
Less reinsurance and return premiums, . , 504,664 25 

Net cash tire premiums received, . . . 

Interest received on morto-ao-es, 

O O 7 

Interest and dividends received from all other sources, 
Income from rents, 



Gross cash income, 

. Expenditures. 
Cash paid for fire losses, $ 590,447 56 

Deduct salvage and reinsurance, . . . 51,246 66 

Net cash paid for fire losses, .... 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, 

Risks and Premiums. 



- $1,059,902 00 

63,665 17 

24,970 90 

2,012 81 

. $1,150,550 88 



$539,200 90 

50,075 00 

206,550 26 

116,244 89 

33,978 36 

108,525 63 

$1,054,575 04 



Fire risks outstanding Dec. 31, 1895, . 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



Premiums. 

$288,959,447 00 $2,768,087 87 
195,924,900 00 1,601,106 00 



$484,884,347 00 $4,369,193 87 
172,401,991 00 1,510,328 87 



$312,482,356 00 $2,858,865 00 
18,001,200 00 141,181 00 



$294,481,156 00 $2,717,684 00 



138 



ALBANY INSTJEANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company^ stock owned by directors, .... 



$20,540,203 00 

10,128,060 00 

505,714 00 

1,130,000 00 

50,000 00 

144,600 00 



"ALBANY INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated March 8, 1811. Commenced business March 16, 1811. Reorganized June 1, 1881.] 

Paid-up Capital, $250,000. 
JOHN" HOWARD KING, President. CHARLES H. HAHN, Secretary. 



Detailed Statement of Stocks 



Watervliet Turnpike and Railroad bonds, 
Albany & Susquehanna Railroad bonds, 
West Shore Railroad bonds, 
New York Central Railroad bonds, 
Wabash Railroad Company bonds, 
Municipal gas bonds, Albany, N. Y. 
Union Railroad Company bonds, 
St. Louis & San Francisco bonds, 
Ann Arbor Railroad bonds, 



and Bonds. 

Par Value. 

$6,000 00 
25,000 00 
41,000 00 
34,000 00 
10,000 00 
1,000 00 
10,000 00 
25,000 00 
10,000 00 



Market Value. 

$6,900 00 

29,500 00 

42,640 00 

35,465 00 

9,650 00 

1,085 00 

10,300 00 

26,455 00 

7,400 00 



$162,000 00 $169,395 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Premiums in course of collection (gross) 
Due from agency accounts, 

Gross assets, .... 

Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 



31, 1896. 

$12,500 00 
252,650 00 

1,280 81 
169,395 00 

4,463 75 
12,255 85 

6,626 64 

1,999 12 



lb 00 

6,364 00 

2,000 00 

74,099 51 



,171 17 



* Value of lands mortgaged $199,200 00 

Value of buildings thereon, 378,100 00 

Amount of insurance held as collateral, .... 294,850 00 



ALBANY INSURANCE CO. 



139 



Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



Income 



Fire premiums outstanding Dec. 31, 1895 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 
Income from agency profits, 

Gross cash income, 



$418 04 
1,470 10 



5,667 61 
175 25 



|8,492 36 
117,148 02 

$125,640 38 
6,626 64 

$119,013 74 
14,090 38 



other sources, 



$85,176 65 

|375,994 52 
250,000 00 

$125,994 52 



$104,923 36 

12,631 39 

9,323 68 

858 32 

3,593 10 

$131,329 85 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, . . 

Net cash paid for fire losses, .... 

Cash dividends paid, . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



,311 68 
8,470 43 



$52,841 25 

20,000 00 

18,020 59 

9,095 19 

6,851 27 

3,123 58 



$109,931 88 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

.$17,215,998 00 $166,086 66 
. 12,013,373 00 117,148 02 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



.$29,229,371 00 $283,234 68 
. 12,495,093 00 126,421 28 



,734,278 00 $156,813 40 
529,769 00 5,002 76 



,204,509 00 $151,810 64 



140 



AMERICAN INSURANCE CO. 



Miscellaneous. 
Premiums received from reorganization of company, 
Losses paid from reorganization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from reorganization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, . 



^,489,432 00 

807,945 00 

52,994 00 

325,000 00 

20,000 00 

60,100 00 



"AMERICAN INSURANCE COMPANY," NEWARK, N. J. 

[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.] 
Paid-up Capital, $600,000. 



F. H. HARRIS, President. 



J. H. WORDEN, Secretary. 



Detailed Statement of Stocks 



United States bonds, 

North Hudson County, N. J., Railroad bonds, 

United New Jersey R.R. and Canal Co. bonds, 

Morris & Essex Railroad bonds, 

Lehigh Valley Railroad bonds, 

Long Dock (Jersey City) bonds, 

Newark Gas Company bonds, . 

Madison, N. J., township bonds, 



and Bonds. 

Par Value. 

$100,000 00 
100,000 00 
100,000 00 
100,000 00 
110,000 00 
125,000 00 
50,000 00 
25,000 00 



Market Value. 

$110,000 00 
103,000 00 
113,000 00 
139,000 00 
121,000 00 
166,250 00 
62,500 00 
25,312 50 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents clue and accrued, .... 
American Ins. Co stock, . . $70,000 00 
Prem's more than three mos. due, 824 56 
Gross assets, 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



Liabilities. 



$710,000 00 $840,062 50 

31, 1896. 

|225,711 40 

1,549,145 75 

24,625 90 

840,062 50 

5,427 90 

40,684 75 

9,710 70 

51,713 36 

2,069 91 



$2,749,152 17 

$7,090 15 

18,009 09 

5,015 01 

$30,114 25 
1,224 26 

$28,889 99 



* Total value of property mortgaged, 
Amount of insurance held as collateral, . 



$3,925,710 00 
1,884,725 00 



AMERICAN INSURANCE CO. 



141 



Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Dividends to policy holders unpaid, . 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policyholders, . 
Paid-up capital, 



Surplus over capital, .... 

Income. 
Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, .... 

Exp ENDIT ORES 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Dividends paid policy holders, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 



$498,740 41 

4,553 40 

1,753 00 

8,801 11 

369 67 



$543,107 58 

$2,206,044 59 
600,000 00 

$1,606,044 59 



$45,236 46 

408 39 

$44,828 07 

658,504 73 

$703,332 80 

52,537 92 

$650,794 88 

125,676 72 



sources, 



$227,897 62 
12,529 06 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$106,957,196 00 
69,375,965 00 

$176,333,161 00 
68,257,454 00 

$108,075,707 00 
4,728,198 00 



$525,118 16 

77,296 01 

41,353 91 

371 84 

$644,139 92 



$215,368 56 

60,596 75 

1,604 00 

99,045 79 

50,834 48 

22,416 10 

34,315 28 

$484,180 96 

Premiums. 

$998,765 73 

658,504 73 

11,657,270 46 

633,494 93 

i 1,023,775 53 

43,463 53 



$103,347,509 00 $980,312 00 



142 



AMERICAN CENTRAL INSURANCE CO. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



^9,853,477 00 

4,035,627 00 

192,854 00 

2,103,860 00 

60,000 00 

31,970 00 



"AMERICAN CENTRAL INSURANCE COMPANY," ST. LOUIS, MO. 

[Incorporated February, 1853. Commenced business February, 1853.] 
GEORGE T. CRAM, President. JNO. H. ADAMS, Secretary. 

Paid-up Capital, $600,000. 



Detailed Statement of Stocks 



Commonwealth Realty Co. bonds, . 

St. Louis Merchants 1 Bridge Co. bonds, . 

Union Depot R.R. Co. bonds, . 

St. Clair, Madison & St. L. Belt R.R. Co. bonds 

Laclede Gas Light Co. bonds, . 

St. Louis, C. B. & O. Railway bonds, 

St. Louis County Park bonds, . 

Jerseyville, 111., bonds, .... 

Mo Electric Light and Power Co. bonds, 

Norborne, Mo., school bonds, . 

School Dist. No. 1, Cass Co., 111., bonds, . 

De Soto, Mo., city funding bonds, . 

National Bank of Com., St. Louis, stock, 

Commercial Bank, St. Louis, stock, 

Third National Bank, St. Louis, stock, 

Mechanics' Bank, St. Louis, stock, . 

Boatmen's Bank, St. Louis, stock, . 

Laclede Gas Light Co. stock, . 



Securities held as collateral for cash loans : — 

Laclede Building Company's bonds, 
300 shares American Brake Company, 
500 

57 
100 

10 

35 



and Bonds. 

Par Value. 

$100,000 00 

75,000 00 

75,000 00 

30,000 00 

52,000 00 

18,000 00 

15,000 00 

15,000 00 

32,000 00 

8,000 00 

8,000 00 

3,500 00 

180,000 00 

25,000 00 

23,200 00 

11,100 00 

10,000 00 

4,800 00 



Market Value. 

$100,000 00 

78,000 00 

82,500 00 

27,000 00 

47,750 00 

20,000 00 

18,000 00 

15,000 00 

32,750 00 

8,000 00 

8,000 0Q 

3,500 00 

261,000 00 

58,750 00 

23,200 00 

24,420 00 

15,500 00 

4,130 00 



,600 00 $827,500 00 



Market Value. Loaned Thereon. 

$50,000 00 $45,000 00 



19,500 00 ) 
Broadway Real Est. Co , St. Louis, Mo., 50,000 00 ) 
Pub. Geo Knapp & Co., St. Louis, xMo., 5,700 00 ] 
Nat'l B'k of Commerce, St Louis, . 14,500 00 

Mechanics' Bank, St. Loais, . 2,200 00 

Miss. Valley Trust Co., St. Louis, . 2,900 00 j 



$ 144,800 00 



37,000 00 



). 12,800 00 



• 4,800 00 



AMERICAN CENTRAL INSURANCE CO. 



143 



Summary of Assets Dec. 31, 1896. 
Cash value of unencumbered real estate, . $500,000 00 
Loans on mortgage of real estate (first liens *), 87,000 00 

Stocks and bonds, as per schedule, . . . 827,500 00 
Loans on collateral security, as per schedule, 94,800 00 

Cash in the office of the company, . . . 15,746 56 

Cash deposited in bank, 63,146 43 

Premiums in course of collection (gross), . 81,05104 

Gross assets, ...... 

Deduct special deposits in other States, 



,669,244 03 
50,000 00 



Balance, $1,619,244 03 



Liabilities, 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, . . . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 

Surplus over capital, . . . 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



$29,493 
53,343 
25,015 



94 
38 

00 



$107,852 
7,854 



32 
71 



$99,997 

663,504 

12,157 

1,099 



61 
71 
65 

75 



$776,759 
2,953 



72 
40 



$92,970 
970,585 



47 
97 



$1,063,556 
81,051 



44 
04 



Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 
Income from rents, 

Gross cash income, . . . ... 



$982,505 
171,392 



40 
65 



773,806 32 

$845,437 71 

600,000 00 

$245,437 71 



1,112 75 
53,524 84 
21,100 51 

5,738 10 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$128,000 00 

114,500 00 

69,200 00 



144 



AMERICAN FIRE INSURANCE CO. 



Expenditures. 
Cash paid for fire losses, ..... 
Deduct salvage and reinsurance, . . . 
Net cash paid for fire losses, .... 
Cash dividends paid, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, .... 



$518,960 30 
36,671 23 



|482,289 07 
60,000 00 
127,966 99 
67,932 18 
18,906 18 
98,192 33 

$855,286 75 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$107,765,683 00 $1,336,391 04 
76,559,387 00 970,585 97 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$184,325,070 00 $2,306,977 01 
74,207,438 00 950,074 16 



$110,117,632 00 $ 1,356,902 85 
3,698,073 00 48,250 54 



$106,419,559 00 $1,308,652 31 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$17,720,198 00 

9,052,958 00 

463,109 00 

1,226,412 00 

60,000 00 

74,375 00 



"AMERICAN FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April 30, 1857. Commenced business May 1, 1857.] 

Paid-up Capital, $400,000. 

FREDERICK W. DOWNER, President. SILAS P. WOOD, Secretary. 



Detailed Statement of Stocks and Bonds. 

Tar Value. Market Value. 

United States bonds, . . . . . $200,000 00 $221,000 00 

City of Brooklyn bonds, 150,000 00 154,625 00 

City of New York school bonds, . . . 100,000 00 105,000 00 

Lake Gas Company's (Chicago) bonds, . . 30,000 00 28,500 00 

St. Louis & Iron Mountain Railroad bonds, . 10,000 00 7,400 00 

Chicago & Northwestern Railway stock, . 20,000 00 20,150 00 



AMERICAN FIRE INSURANCE CO. 



145 



Lake Shore & Michigan Southern R'y Co stock, 
Chicago, Milwaukee & St. Paul R'y Co. stock, 
Baltimore & Ohio Railroad stock, . 
Merchants 1 National Bank stock, 
Phoenix National Bank stock, . 
American Exchange National Bank stock, 
Mechanics 1 National Bank stock, 
Western Union Telegraph Company stock, 
United States Mortgage Company stock, 
United States Trust Company stock, 
Metropolitan Trust Company stock, 



Securities held as collateral for cash loans 

90 shares Hanover National Bank, . 
30 shares Union Trust Co , 



Par Value. 

$20,000 00 
20,000 00 
50,000 00 

5,000 00 

4,000 00 
20,000 00 

5,000 00 
30,000 00 
10,100 00 

2,500 00 
10,000 00 



Market Value. 

$30,300 00 

26,400 00 

8,250 00 

6,700 00 

4,320 00 

31,600 00 

9,550 00 

24,975 00 

20,806 00 

27,125 00 

30,500 00 



$686,600 00 $760,501 00 

Market Value. Loaned Thereon. 

$28,350 00 $20,000 00 

21,900 00 15,000 00 



|53,250 00 $35,000 00 



SUMMATCY OF ASSETS DEC. 31, 1896. 



Loans on mortgage of real estate (first liens *), 
Interest accrued thereon, .... 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, 
Premiums in course of collection (gross), 
Return premiums and reinsurance, . 
Prem's more than three mos. due, $1,111 19 
Gross assets,f 



$14,500 00 

120 84 

760,501 00 

35,000 00 

1,042 55 

65,826 46 

6,400 83 

87,907 71 

776 98 



$972,076 37 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 



$21,832 28 

35,617 64 

9,456 17 

$66,906 09 
15,467 70 

$51,438 39 

308,564 35 

2,133 00 

5,388 70 



* Value of lands mortgaged, ....... $21,500 00 

Value of buildings thereon, . . . . . . . 14,500 00 

Amount of insurance held as collateral, .... 14,500 00 

t Including $115,000 special reserve fund held under New York law. 



146 



AMERICAN FIRE INSURANCE CO. 



Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$5,060 11 

12,412 86 

12,991 65 

1,545 68 



$399,534 74 

$572,541 63 
400,000 00 

$172,541 63 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, ...... 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Received for increased capital, . 

Received for surplus fund, 

Gross cash income, . 



Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for tire losses, . 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, . 



5,261 76 
682,341 93 

$780,603 69 
89,018 90 

$691,584 79 
114,212 13 



sources, . 

$7,850 00 
1,250 00 



$499,980 46 
220,239 34 



$577,372 66 

725 00 

26,158 08 



$604,255 74 



5279,741 12 

103,918 74 

46,186 28 

10,513 00 

66,199 71 



,558 85 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$128,013,252 00 $1,376,232 28 
71,049,605 00 682,341 93 



Total,. ..... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$199,062,857 00 $2,058,574 21 
106,249,818 00 1,138,539 28 



£92,813,039 00 $920,034 93 
34,645,891 00 349,620 46 



$58,167,148 00 $570,414 47 



AMERICAN FIRE INSURANCE CO. 



147 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Company's stock owned by directors, 



3,585,519 00 

7,058.941 00 
249,855 00 

1,456,000 00 
148,100 00 



» AMERICAN FIRE INSURANCE COMPANY," PHILADELPHIA, PA. 

[incorporated Feb. 28, 1810. Commenced business March 12, 1810.] 
Paid-up Capital, $500,000. 
THOS. H. MONTGOMERY, President. RICHARD MARIS, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Steubenville & Indiana Railroad bonds, . . $21,000 00 $23,100 00 

Belt Road and Stock Yard bonds, . . . 20,000 00 20,760 00 

Chicago & Western Indiana Railroad bonds, . 12,000 00 12,600 00 

Philadelphia & Reading Railroad bonds, . 62,000 00 50,762 50 

North Pennsylvania Railroad bonds, . . 26,000 00 31,720 00 

Virginia & Tennessee Railroad bonds, . . 25,000 00 25,000 00 

Georgia State bonds, 25,000 00 28,250 00 

Delaware & Chesapeake Railroad bonds, . 5,000 00 4,466 66 

Huntingdon & Broad Top Mt. R.R. bonds, . 10,000 00 10,600 00 

Huntingdon & Broad Top Mt. R.R. car trust, . 10,000 00 10,125 00 

Corning, Cowanesque & Antrim R R. bonds, . 2,000 00 2,020 00 

Philadelphia & Reading Railroad bonds, . 25,000 00 25,750 00 

Lehigh Valley Railroad bonds, . . . 51,000 00 62,220 00 

Mortgage Trust Company, Pa., bonds, . . 25,000 00 25,104 16 

Middlesex Banking Company bonds, . . 25,000 00 25,125 00 

Northern Central Railroad bonds, . . . 19,000 00 21,660 00 

Northern Pacific & Montana Railroad bonds, . 30,000 00 11,400 00 

Penn. & New York Canal and Railroad bonds, 50,000 00 53,500 00 

Portland city water bonds, .... 50,000 00 57,500 00 

N. W. Guaranty Loan Company bonds, . . 30,000 00 12,500 00 

Wheeling & Lake Erie exten. imp. bonds, . 15,000 00 13,500 00 

Buffalo Street Railroad bonds, . . . . 20,000 00 21,400 00 

Hughesville water bonds, .... 17,000 00 17,000 00 

Pitts., Cm., Chic. & St. Louis R.R. bonds, . 30,000 00 32,550 00 

Springfield water bonds, 10,000 00 10,300 00 

United Electric securities, .... 10,000 00 9,458 34 

Terre Haute & Logansport R.R. bonds, . . 25,000 00 18,750 00 

Lehigh Valley Railroad bonds, . . . 25,000 00 24,750 00 

Lehighton water bonds, . . . . . 4,000 00 4,100 00 

Camden & Atlantic Railroad bonds, . . 15,000 00 17,550 00 

Pittsburgh, Chartiers & Yough. bonds, . . 10,000 00 9,000 00 



148 



AMERICAN FIRE INSURANCE CO. 



Omaha Loan & Trust Company bonds, . 

Norfolk & Western car trust bonds, 

Ashtabula & Pittsburgh Railroad bonds, . 

Seaboard & Roanoke Railroad bonds, 

Electric and People's Traction Trust cert's, 

20 shares Philadelphia Bourse, 

18 shares Phil. & Lancaster Turnpike Co., 

Berwin Water Company bonds, 

Second Avenue Traction Co , Pittsburgh, bonds, 

Company's own stock, . . $3,045 00 



Securities held as collateral for cash loans : — 

Lehigh Coal & Navigation Co. bonds, 
200 shares Allegheny Valley Railway, 
131 " National Lead Co., . 
600 " Union Traction Co., 
125 " Union Trust Co., . 
100 " Philadelphia Traction Co., 
Electric & People's Railway bonds, . 
40 shares Commonwealth Title Ins. Co. 
100 " Philadelphia Traction Co., 
100 " W^elsbach Light, 
Second Avenue Traction Co., Pittsburg, 
Shamokin & Mt. Carmel Electric R'y Co., 
200 shares Choc.,Okl. & Gulf voting trust certs., 



Par Value. 

$10,000 00 
12,000 00 
15,000 00 
20,000 00 
35,000 00 
1,000 00 
40 50 
10,000 00 
11,000 00 



MarKet Value. 

$10,000 00 

9,600 00 

17,400 00 

18,000 00 

24,587 50 

200 00 

40 50 

9,500 00 

11,330 00 



18,040 50 $793,179 66 



Market Value. Loaned Thereon. 



$3,810 00 
1,600 00^ 

11,397 00 
5,850 00 I 
6,875 00 f 
6,700 00 J 
1,400 00 ) 
2,600 00 
6,700 001 
4,200 00 
3,090 00 
5,000 00 j 
1,450 00 



f 2,500 00 



28,000 00 



2,200 00 



15,000 00 



1,000 00 



,672 00 $48,700 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $265,753 49 

Loans on mortgage of real estate (first liens*), 1,147,666 29 

Interest due or accrued thereon, ... 26,943 34 

Stocks and bonds, as per schedule, . . . 793,179 66 

Loans on collateral security, as per schedule, . 48,700 00 

Cash in the office of the company, . . . 11,150 70 

Cash deposited in bank, 104,923 65 

Interest due and accrued, 263 38 

Premiums in course of collection (gross), . 100,804 01 

Rents due and accrued, . .'.. . . 23,361 44 

Gross assets, 

Deduct special deposits in other States, . 

Balance, 



5,522,745 96 
57,500 00 

?,465,245 96 



* Value of lands mortgaged, $1,366,500 00 

Value of buildings thereon 1,305,29100 

Amount of insurance held as collateral, .... 919,882 00 



AMERICAN FIRE INSURANCE CO. 



149 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, . 

Surplus over capital, 



$18,385 17 

85,194 74 

18,523 05 

855,949 95 

564,564 87 

17,438 78 

3,467 52 

l,563,524 08 
13,453 52 



11,550,070 56 

$915,175 40 
500,000 00 

$415,175 40 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, ..... 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all 

Income from rents, . . 

Income from all other sources, 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



$91,616 51 
1,511,766 97 

$1,603,383 48 
100,804 01 

|1,502,579 47 
282,278 73 



other sources, 



$1,220,300 74 

59,513 39 

39,790 87 

7,112 03 

3,258 35 



|13,842 50 



. $1,329,975 38 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

for expenses on real estate, 
Deposits returned on perpetual fire risks, 



$735,389 65 

30,000 00 

228,845 24 

105,250 00 

27,916 49 

87,819 22 

8,135 52 



$12,626 20 



Gross cash expenditures, 



.,223,356 12 



150 



ARMENIA INSURANCE CO. 



Risks and Premiums. 

i 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Perpetual risks in force (not incl'd above), 



$152,958,306 00 
123,123,289 00 

$276,081,595 00 
122,021,435 00 

$154,060,160 00 
7,754,105 00 

$146,306,055 00 

$23,213,444 00 



Premiums. 

M ,928,295 34 

1,511,766 97 

^3,440,062 31 

1,555,011 88 

51,885,050 43 

90,787 88 

11,794,262 55 

$616,881 42 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$31,290,933 00 

18,674,605 00 

661,808 00 

2,728,935 00 

30,000 00 

24,400 00 



" ARMENIA INSURANCE COMPANY OF PITTSBURG, PA.," 

PITTSBURG, PA. 

[Incorporated March 26, 1872. Commenced business May 15, 1872.] 

Paid-up Capital, $250,000. 

J. G. WAINWRIGHT, President. W. D. McGTLL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

Westinghouse Machine Co. bonds, . . . $ 10,000 00 

Birm'ham, Knox. & Allent'n Tract. Co. bonds, 15,000 00 

10 shares Capital Stock Investors 1 Co., . . 1,000 00 

100 " National Lead Stock, . . . 10,000 00 



Market Value. 

$10,000 00 
13,500 0' 
1,000 00 
8,900 00 



$36,000 00 $33,400 00 



Securities held as collateral for cash loans : — 

148 shares Consolidated Traction Co., 
Birm'ham, Knox. & Allent'n Tract. Co. bonds, 
100 shares Ben Franklin Ins Co., . 
100 " Bank of Secured Savings, 
Chartiers Valley Gas Co. bonds, 
100 shares Philadelphia & Reading R.R. Co., . 
100 " Southern Railway Co., . 
Birm'ham, Knox. & Allent'n Tract. Co. bonds, 
Loaned on company's own stock, . $5,000 00 



Market Value. 

$6,216 00 

6,300 00 

6,000 00 

5,000 00 

9,000 00 

1,250 00 

2,700 00 

1,800 00 



Loaned Thereon. 

$5,000 00 
5,000 00 
3,000 00 
3,000 00 
5,600 00 

2,500 00 
1,000 00 



$38,266 00 $25,100 00 



ARMENIA INSURANCE CO. 



151 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (tirst liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, . 
Gross assets, 



31, 1896. 

$46,797 17 

242,580 31 

4,641 8-4 

33,400 00 

25,100 00 

2,543 39 

7,063 58 

370 00 

25,046 19 

685 00 



,227 48 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



$5,042 C7 

7,971 57 

1,666 66 

95,188 76 

5,009 24 



114,878 30 

$273,349 18 
250,000 00 

$23,349 18 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $25,097 35 
Premiums on risks written or renewed, . . 159,533 98 

- Total $184,631 33 

Premiums now in course of collection, . . 25,046 19 

Entire premiums collected, .... $159,585 14 
Less reinsurance and return premiums, . . 22,191 93 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

interest and dividends received from all other sources, . 
Income from rents, . 

Gross cash income, 



$137,393 21 

15,114 55 

3,000 00 

2,122 71 

$157,630 47 



* Value of lands mortgaged, ....... $401,80000 

Value of buildings thereon, . 550,000 00 

Amount of insurance held as collateral, .... 202,800 00 



152 



ASSURANCE LLOYDS OF AMERICA. 



Expenditures. 
Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$72,011 77 
1,847 13 



,164 64 
5,000 00 
37,247 96 
5,600 00 
3,007 06 
9,150 32 

$130,169 98 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

.$12,813,906 00 $ 164,726 74 
. 14,175,761 00 159,533 98 



Total 

Deduct risks expired and terminated, 

In force at end of year, 



,989,667 00 $324,260 72 
12,650,691 00 142,590 61 



.$14,338,976 00 $181,670 11 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (2 per cent.), . 
Company's stock owned by directors, .... 



$1,492,777 00 

761,572 00 

68,326 00 

342,500 00 

5,000 00 

102,800 00 



" ASSURANCE LLOYDS OF AMERICA," NEW YORK, N. Y. 

[Incorporated Feb. 15, 1892. Commenced business Dec. 20, 1893.] 
R. C. RATHBONE 8s SON, Managers. 

Summary of Assets Dec. 31, 1896. 

United States bonds, $570,000 00 

Cash deposited in bank, 57,625 91 

Interest due and accrued, ..... 4,168 67 

Premiums in course of collection (gross), . 69,707 17 



Gross assets, 



Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 



Liabilities. 



$4,664 65 

27,217 05 

$31,881 70 

833 33 



$701,499 75 



31,048 37 



ASSURANCE LLOYDS OF AMERICA. 



153 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 

Guarantee fund, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 



$141,844 00 

8,139 72 

23,044 11 

60,000 00 



$264,076 20 



$437,423 55 



Income. 

Fire premiums outstanding Dec. 31, 1895, . . $58,616 26 

Premiums on risks written or renewed, . . 439,181 08 

Total, $497,797 34 

Premiums now in course of collection, . . 69,707 17 

Entire premiums collected, .... $428,090 17 

Less reinsurance and return premiums, . . 141,827 19 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$286,262 98 
24,355 98 



Gross cash income, $310,618 96 



Expenditures. 

Cash paid for fire losses, . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

for retiring subscribers, . 

Gross cash expenditures, .... 



$136,558 10 
15,633 42 



$120,924 68 

31,000 00 

89,642 59 

4,450 00 

3,405 87 

2,234 92 

43,525 31 

$295,183 37 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



),308,520 00 $287,614 92 
. 56,060,888 00 439,181 08 



$85,369,408 00 $726,796 00 
54,329,368 00 434,618 74 



$31,040,040 00 $292,177 26 
902,426 00 8,489 25 



Net amount in force, 



. $30,137,614 00 $283,688 01 



154 



ATLANTIC MUTUAL INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 



$922,352 00 

283,481 00 

151,973 00 

59,234 00 

31,000 00 



"ATLANTIC MUTUAL INSURANCE COMPANY," 
NEW YORK, N. Y. 

[Incorporated April 11, 1842. Commenced business July 1, 1842.] 
W. H. H. MOORE, President. JOSEPH H. CHAPMAN, Secretary. 



Detailed Statement of Stocks and Bonds. 

Tar Value. Market Value.* 

American Exchange Bank stock, . . . $90,000 00 f 90,000 00 

Bank of America stock 50,000 00 50,000 00 

Bank of Commerce stock, .... 64,100 00 64,100 00 

Bank of New York stock, .... 94,200 00 94,200 00 

Leather Manufacturers' Bank stock, . . . 25,600 00 25,600 00 

Merchants' Bank stock, 70,150 00 70,150 00 

Mechanics' Bank stock, 47,675 00 47,675 00 

Manhattan Company stock, . . . . 18,000 00 18,000 00 

Market & Fulton Bank stock, .... 30,000 00 30,000 00 

Phenix Bank stock, ...... 71,34000 7 i, 340 00 

Atlantic Trust Co. stock, . . . . . 127,500 00 127,500 00 

Consolidated Gas Company stock, . . . 50,000 00 50,000 00 

New York City stock, 191,600 00 173,740 00 

Long Island Railroad Company stock, . . 50,000 00 25,000 00 

N. Y. Central & Hudson River R.R. stock, . 660,000 00 528,000 00 

N. Y. Central & Hudson River R R. bonds, . 139,000 00 111,200 00 

New York, Chicago & St. Louis R.R. bonds, . 200,000 00 150,000 00 

West Shore Railroad bonds, . . . . 200,000 00 150,000 00 

Brooklyn & Montauk Railroad bonds, . . 75,000 00 60,000 00 

Brooklyn City Park bonds, .... 122,000 00 109,800 00 

Jersey City water bonds, .... 100,000 00 100,000 00 

District of Columbia bonds, . ...... . 400,00000 280,00000 

United States bonds, 5,150,000 00 4,800,000 00 



Securities held as collateral for cash loans : 

Fourth National Bank stock, . 
Consolidated Gas Co. of New York stock, 



$,026,165 00 $7,226,305 00 



Market Value. Loaned Thereon. 

$11,000 00 
22,500 00 



$22,000 00 



* Estimated for the purpose of permanent investment. 



ATLANTIC MUTUAL INSUKANCE CO. 



155 



Chicago & Northwestern Railway stock, 

Chicago, Milwaukee & St. Paul Railway stock, 

Delaware, Lackawanna & Western R.R. stock, 

Illinois Central R.R. stock, 

Phenix National Bank stock, . 

Bank of New York stock, 

Mahoning Coal R.R. Co. stock, 

American Sugar Refining Co. stock, 

U. S. Leather Co. stock, .... 

Mahoning Coal R.R. Co. bonds, 

Long Island City and Flushing R.R. Co. bonds 

Gold and Stock Telegraph Co. bonds, 

Great Northern R.R. stock, 

Wagner Palace Car Co. stock, . 

Lake Erie & Western R.R. stock, 

Iowa Central R R. bonds, .... 

Missouri Pacific bonds, .... 

Col., Hocking Valley & Toledo Railway bonds, 



Market Value. Loaned Thereon. 

$16,000 00 ^ 

7,500 00 * 
15,500 00 

4,500 00 j 
10,500 00 

2,400 00^1 
10,000 00 

3,300 00 

1,500 00 } 

3,450 00 

2,300 00 

500 00 J 
60,000 00^ 
28,500 00 I 
19,500 00 

5,000 00 

4,500 00 

1,700 00 J 



j> |35,000 00 



8,000 00 



15,000 00 



} 100,000 00 



$230,150 00 $180,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate,* 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank and with Eng. bankers 
Notes taken for marine and inland risks, 
Gross assets, 



31, 1896. 

$760,000 00 

7,226,305 00 

180,000 00 

2,302,851 22 

843,596 96 



—$11,312,753 18 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Return premiums, .... 

Incidentals 

Gross liabilities, except scrip, . 



Surplus as regards policy holders, . 

Scrip outstanding, not ordered to be redeemed, 

Surplus over scrip, . ... 



$76,579 90 

1,027,918 10 

86,800 00 

1,047,955 31 

199,026 48 

48,402 97 

145,557 04 

19,332 63 



2,651,572 43 

$8,661,180 75 

7,261,160 00 

$1,400,020 75 



* Estimated for the purpose of permanent investment. 



156 



BUFFALO GERMAN INSURANCE CO. 



Income. 
Cash marine premiums received, 
Interest and dividends received from all sources, 

Income from rents, 

Income from all other sources, . . 

Gross cash income, ..... 



!,335,088 50 

473,944 54 

43,225 00 

1,210 00 

1,853,468 04 



Expenditures 
Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, . . 
Net cash paid for marine and inland losses, . 
Cash paid for redemption of scrip, . 
Interest paid scrip holders, .... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

Gross cash expenditures, .... 



$1,249,999 01 

97,707 07 



,152,291 94 

762,370 00 

426,637 80 

19,331 56 

403,259 95 

40,161 74 

1,804,052 99 



Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 



Risks and Premiums. 

Premiums. 

$107,633,910 00 $1,109,275 00 
369,754,507 00 2,596,788 89 



Total, ..... 

Deduct risks expired and terminated, 

In force at end of year, . 



$477,388,417 00 $3,706,063 89 
369.513,749 00 2,658,108 58 



$107,874,668 00 $1,047,955 31 



Miscellaneous. 

Marine and inland losses incurred during the year (estimated), $924,351 00 



" BUFFALO GERMAN INSURANCE COMPANY," BUFFALO, N. Y. 

[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.] 

Paid-up Capital, $200,000. 

PHILIP BECKER, President. OLIVER J. EOGrERT, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

Buffalo city bonds, . . . . . . $564,500 00 

State of New York stock, . . . . 25,000 00 

Buffalo & Southwestern Railroad bonds, . 36,250 00 

Tonawanda Gas Company bonds, . . . 33,000 00 

Third National Bank, Buffalo, stock, . . 45,000 00 

Buffalo, N. Y., city warrants, .... 18,428 52 



Market Value. 

$564,500 00 
25,000 00 
36,250 00 
33,000 00 
49,500 00 
18,428 52 



$722,178 52 $726,678 52 



BUFFALO GERMAN INSURANCE CO. 



157 



Securities held as collateral for cash loans : — 

Market Value. 

German Bank, Buffalo, N. Y., stock, . . $24,000 00 

Milsom Rendering Co., Buffalo, N. Y., stock, . 5,000 00 

Citizens Gas Co , Buffalo, N. Y., bonds, . . 40,000 00 

Citizens Gas Co., Buffalo, N. Y., stock, . . 40,187 50 

Buffalo Street R.R. Co. bonds 5,000 00 

Exchange Elevator Co., Buffalo, N.Y., stock, . 1,000 00 

German Bank, Buffalo, N. Y., stock, . . 8,000 00 

Buffalo Loan, Trust and Safe Dep. Co. stock, . 6,000 00 

Union Bank, Buffalo, N. Y., stock, . . . 4,400 00 

Co-operative Brewing Co , Buffalo, stock, . 4,500 00 

Co-operative Stove Co., Buffalo, stock, . . 8,700 00 

Co-operative Brewing Co., Buffalo, stock, . 3,000 00 

German American Bank, Buffalo, stock, . . 2,200 00 

Union Bank, Buftalo, stock, .... 1,000 00 

Buffalo Southwest R.R. Co. bonds, . . . 5,775 00 

Thomson-Houston Elec. Light & Power Co. b'ds, 3,000 00 

Buffalo General Electric Co., bonds, . . 1,000 00 

Crystal Water Co., Buffalo, stock, . . . 3,000 00 

General Production Co., Pittsburg, Pa., stock, 1,250 00 

International Brewing Co., Buffalo, stock, . 2,090 00 

Magnus Beck Brewing Co., Buffalo, stock, . 495 00 

Fidelity Trust and Guaranty Co., Buffalo, stock, 6,000 00 

German Bank, Buffalo, stock, .... 12,000 00 

German Bank, Buffalo, stock, .... 12,000 00 

Union Fire Insurance Co., Buffalo, N. Y., stock, 1,200 00 

Citizens' Gas Co., Buffalo, bonds and stock, . 10,500 00 



Loaned Thereon. 

i $ 10,000 00 

I 52,000 00 

4,000 00 
700 00 



> 20,000 00 



2,000 00 

2,700 00 

8,000 00 

2,000 00 

2,000 00 

4,500 00 

12,900 00 



$211,297 50 $120,800 00 



Summary of Assets Dec. 31, 1896 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest clue or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross); 
Notes taken for marine and inland risks, 

Rents due, 

Gross assets, f 



$310,068 19 
536,395 00 

3,477 15 
726,678 52 
120,800 00 

3,549 94 
116,632 82 

3,896 67 
44,193 50 

2,980 28 

1,608 76 



.,870,280 83 



* Value of lands mortgaged, $789,190 00 

Value of buildings thereon, ....... 635,135 00 

Amount of insurance held as collateral, .... 390,125 00 

t Including $200,000 special reserve fund held under New York law. 



158 



BUFFALO GERMAN INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, . ... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, . 



$5,109 17 

13,468 75 

1,000 00 

340,455 10 

8,597 97 



$368,630 99 



. $1,501,649 84 
200,000 00 

. $1,301,649 81 



Income 

Fire premiums outstanding Dec. 31, 1895 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from brokerage, . 

Gross cash income, 



$44,962 37 
247 02 



t,715 35 

465,841 85 

$510,557 20 
44,193 50 

$466,363 70 
71,128 4t 



sources, 



$395,235 29 

30,753 73 

28,560 42 

20,026 55 

2,095 52 

$476,671 51 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . . 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



$164,060 82 
1,792 49 



$162,268 33 
60,000 00 
83,405 93 
28,903 80 
9,400 20 
31,941 45 



Gross cash expenditures, 



$375,919 71 



THE CAPITAL FIRE INSURANCE CO. 



159 



Fire risks outstanding- Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

.$65,211,306 00 $713,842 91 
. 41,217,234 00 465,841 85 



Total, . . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$106,428,540 00 $1,179,684 76 
. 42,739,048 00 488,079 07 



.$63,689,492 00 $691,605 69 
. 1,317,490 00 12,188 10 



,372,002 00 $679,417 59 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Company's stock owned by directors, . . . . 



58,595,555 00 

4,383,680 00 

158,452 00 

935,925 00 

60,000 00 

58,300 00 



"THE CAPITAL FIRE INSURANCE COMPANY OF CONCORD, N. H.," 

CONCORD, N. H. 

[Incorporated March 10, 1886. Commenced business March 19, 1886.J 

Paid-up Capital, $200,000. 

LYMAN JACKMAN, President. CHARLES L. JACKMAN", Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value, Market Value. 

City of Portsmouth, N. II., bonds, . . . $40,000 00 $42,400 00 

City of Dover, N. II , bonds, .... 26,000 00 27,560 00 

City of Concord, N. H., bonds,. . . . 25,000 00 26,500 00 

New Hampshire Trust Co. bonds, . . . 8,100 00 6,480 00 

Iowa Loan and Trust Co. bonds, . . . 5,000 00 5,000 00 

Muscatine Mortgage and Trust Co. bonds, . 4,250 00 4,250 00 

City Water Co., Merrill, Wis., bonds, . ." 5,000 00 5,000 00 

Clinton, Iowa, water works bonds, . . . 5,000 00 5,000 00 

Windsor Land and In. Co , Denver, Col , bonds, 5,000 00 5,000 00 

Spokane & Palouse R R Co. bonds, . . 5,000 00 5,000 00 

Central Loan and Debenture Co. bonds, . . 4,000 00 4,000 00 

Winfield Water Co. bonds, .... 3,000 00 2,400 00 

Johnson L. and T. Co., Ark. City, Kan., bonds, 1,905 00 1,524 00 

Grand Forks, Dak., Gas and Electric Co. bonds, 2,500 00 2,500 00. 

Davidson Invest. Co., Wichita, Kan., bonds, . 2,000 00 500 00 

Wichita, Kan., Water Co. bonds, . . . 2*,000 00 2,000 00 

Metropolitan West End R.R. Co. bonds, . . 2,000 00 2,000 00 



160 



THE CAPITAL FIRE INSURANCE CO. 



Nebraska Loan and Trust Co. bonds, 

Kingman, Kansas, Water Co. bonds, 

60 shares C. & M. R.R., . 

25 " Page Belting Co , Concord, N. H., 

25 " Prescott Piano Co., Concord, N. H., 

1 " Amoskeag Manufacturing Co., 

2 " Nashua Manufacturing Co., 
2 " West Side Construction Co., 

Town of Montrose, Col., bonds, 
Denver Consolidated Electric Co. bonds, 
20 shares Pullman Palace Car Co., . 



Par Value. 

$1,000 00 

1,000 00 

6,000 00 

2,500 00 

2,500 00 

1,000 00 

1,000 00 

200 00 

800 00 

1,000 00 

2,000 00 



Market Value. 

$1,000 00 
1,000 00 

10,320 00 
1,875 00 
2,500 00 
1,600 00 
1,070 00 
200 00 
800 00 
1,000 00 
3,200 00 



$164,755 00 $171,679 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, 

Premiums in course of collection (gross) 

Rents due and accrued, 

Reinsurance, 

Gross assets, .... 



,387 03 

79,820 00 

1,037 71 

171,679 00 

2,600 90 

12,849 38 

1,078 34 

40,377 57 

580 66 

834 25 



1,244 84 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc , 
Due for borrowed money, 
Commissions and brokerage, . 
Return premiums, reinsurance, etc., 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . 



$5,250 17 

4,203 64 

2,075 00 

137,839 78 

2,505 95 

13,000 00 

8,446 27 

7,362 93 



180,683 74 

$230,561 10 
200,000 00 



Surplus over capital, 



,561 10 



* Value of lands mortgaged, . . . 
Value of buildings thereon, . . . 
Amount of insurance held as collateral, 



$86,025 00 
99,075 00 
65,000 00 



THE CAPITAL FIRE INSURANCE CO. 



1(5 L 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash tire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Profit on sale of investments, . 



$51,217 35 
5,931 67 

$45,285 68 
282,922 64 

$328,208 32 
40,377 57 

$287,830 75 
107,987 64 



sources, 



5179,843 11 

2,911 18 

6,396 33 

5,541 75 

612 50 



Gross cash income, $195,304 87 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

for expenses on real estate, 

Gross cash expenditures, .... 



$133,068 66 
18,914 59 



$114,154 07 
8,000 00 
41,960 79 
7,329 65 
4,961 19 
5,064 38 
2,112 42 

$183,582 50 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31,1895, . .$22,690,695 00 $305,650 81 



Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



. 19,590,921 00 282,922 64 



,281,616 00 $588,573 45 
21,943,480 00 305,166 08 



,338,136 00 $283,407 37 
1,265,087 00 18,012 99 



Net amount in force, 



.$19,073,049 00 $265,394 38 



162 



citizens' INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (4 per cent.), . 
Company's stock owned by directors, .... 



,836,078 00 
614,045 00 
$89,998 00 

69,614 00 
8,000 00 

56,400 00 



"CITIZENS' INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1836. Commenced business April, 1837.] 

Paid-up Capital, $300,000. 

EDWARD A. WALTON, President. FRANK M. PARKER, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, .... 
National Bank of Commerce stock, . 
National Citizens 1 Bank stock, . 
National Bank of the Republic stock, 
Consolidated Gas Company stock, . 
Union Trust Company stock, . 
Oregon Short Line & Utah No. R.R. bonds, 
Lake Shore & Michigan Southern R.R. bonds 
New York, Chicago & St. Louis R.R. bonds, 
Cleveland, Cin., Chic. & St. Louis R.R. stock, 
Union Pacific Railroad stock, . 



Par Value. 

150,000 00 
10,000 00 
30,000 00 

5,000 00 
20,000 00 
10,000 00 

2,000 00 
50,000 00 
10,000 00 
30,000 00 
20,000 00 



Market Value. 

$166,125 00 
20,300 00 
40,500 00 

7,500 00 
28,500 00 
82,500 00 

1,300 00 
57,500 00 
10,450 00 
13,800 00 

1,900 00 



Securities held as collateral for cash, loans 

Butchers 1 & Drovers 1 National Bank stock, 
Bleecker St. & Fulton Ferry R.R. Co., . 
National Citizens 1 Bank stock, . 



$337,000 00 $430,375 00 



Market Value. Loaned Thereon. 

$1,365 00 $900 00 

4,800 00 3,500 00 

1,687 50 1,000 00 



$7,852 50 



i,400 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, « $100,000 00 

Loans on mortgage of real estate (first liens *), 21,300 00 

Interest due or accrued thereon, . . . 106 50 



* Value of lands mortgaged, . . . 
Value of buildings thei'eon, . 
Amount of insurance held as collateral, 



$25,000 00 
36,500 00 
26,200 00 



CITIZENS INSURANCE CO. 



163 



Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance due on losses paid, 
Prem's more than three mos. due, $1,666 64 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
Due for borrowed money, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except capital, 

Surplus as regards policy holders, , 
Paid-up capital, 

Surplus over capital, .... 



$430,375 00 
5,400 00 
6,979 50 
47,790 92 
6,219 46 
117,140 43 
1,956 67 
5,090 03 



,722 43 
12,840 00 
4,536 60 

$28,099 03 
550 46 

$27,548 57 

277,079 49 

685 50 

900 00 

20,000 00 

13,124 58 

1,010 40 



$742,358 51 



340,348 54 

$402,009 97 
300,000 00 

$102,009 97 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



Entire premiums collected, .... $619,528 35 

Less reinsurance and return premiums, . . 86,432 92 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, 



Gross cash income, 



$120,485 69 
2,307 48 

$118,178 21 
620,157 21 

$738,335 42 
118,807 07 



$533,095 43 

1,342 50 

15,862 16 

4,454 11 

$554,754 20 



164 



CITIZENS INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for redemption of scrip, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$331,409 21 

9,598 33 



$321,810 88 
22,795 15 
27,891 50 
112,835 23 
47,174 81 
8,486 09 
39,879 77 

$580,873 43 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$76,350,376 00 
73,395,251 00 



Premiums. 

$612,863 16 
620,157 21 



$149,745,627 00 $1,233,020 37 
78,331,873 00 645,025 93 



$71,413,754 00 $587,994 44 
5,661,615 00 37,617 30 



$65,752,139 00 $550,377 14 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 



$15,405,985 00 

. 8,270,068 00 

298,360 00 

. 1,996,779 00 

22,317 00 



"CITIZENS 1 INSURANCE COMPANY OF MISSOURI," 
ST. LOUIS, MO. 

[Incorporated February, 1837. Commenced business 1837.] 

Paid-up Capital, $200,000. 

J. B. M. KEHLOR, President. SOL. E. WAGGONER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

St. Louis United Elevator Co. bonds, . . $84,000 00 $75,600 00 

Henry County, Mo., bonds, . . . . 71,000 00 72,340 00 

Greene County, Mo., bonds, .... 13,000 00 13,260 00 



CITIZENS INSUEANCE CO. 



165 



Venice Elevator Company bonds, 

City of Waco, Texas, bonds, 

Dade County, Mo., bonds, 

Lime Co., Mo., school bonds, 

People's Railway Co. bonds, 

Jackson County, Mo., bonds, 

Schuyler County, Mo., bonds, 

Andrew County, Mo , bonds, 

St. Louis & Council Bluffs R.R. bonds, 

Jacksonville, 111., city bonds, 

Cass Ave & Fair Ground Railway bonds 

American Exchange Bank stock, 

Phillips County, Ark., bonds, . 

City of Marshall, 111., bonds, . 



Par Value. 

$32,000 00 

36,000 00 

15,000 00 

7,000 00 

5,000 00 

14,000 00 

10,000 00 

4,000 00 

6,000 00 

19,500 00 

25,000 00 

21,000 00 

10,000 00 

3,200 00 



Market Value. 

$28,800 00 

37,080 00 

15,150 00 

7,000 00 

5,000 00 

15,400 00 

10,100 00 

4,080 00 

6,360 00 

19,500 00 

24,875 00 

34,400 00 

10,200 00 

3,200 00 



$375,700 00 $382,345 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Tax certificates, 

Gross assets, 



31, 1896. 

$1,000 00 

229,850 00 

7,827 50 

382,345 00 

1,644 81 

33,854 99 

7,289 75 

37,746 10 

4,346 50 



|705,904 65 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



$2,609 86 

15,594 10 

275 00 

193,259 67 

12 00 

7,531 72 

196 99 



219,479 34 

$486,425 31 
200,000 00 

$286,425 31 



* Value of lands mortgaged, . . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$338,900 00 
266,800 00 
231,100 00 



166 



citizens' INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 81, 1895, . $35,266 53 

Premiums on risks written or renewed, . . 312,554 54 

Total, . $347,821 07 

Premiums now in course of collection, . . 37,658 61 

Net cash fire premiums received, . . . $310,162 46 

Marine premiums outstanding Dec. 31, 1895, . $44 68 

Premiums on risks written or renewed, . . 1,163 50 

Total, $ 1,208 18 

Premiums now in course of collection, . 87 49 

Net cash marine premiums received, . . 1,120 69 

Interest received on mortgages, 12,358 30 

Interest and dividends received from all other sources, . . 13,912 25 



Gross cash income, $337,553 70 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, . 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$134,373 99 
1,213 90 



$133,160 09 
752 91 
11,988 00 
68,053 33 
15,475 84 
8,391 08 
19,198 79 

$257,020 04 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, , 

Total, . . 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks written during 1896, . 

Deduct risks expired and terminated, 



,968,172 00 
23,841,543 00 

f 44,809,7 15 00 
15,218,024 00 

$29,591,691 00 
1,070,719 00 

$28,520,972 00 

$236,246 00 

$236,246 00 



Premiums. 

$267,489 66 
312,554 54 

$580,044 20 
211,636 20 

$368,408 00 
10,804 00 

$357,604 00 

$1,163 50 

$1,163 50 



THE COLONIAL ASSURANCE CO. 



167 



Miscellaneous. 

Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



1,461,132 00 

133,372 00 

753 00 

809,798 00 

12,000 00 

179,200 00 



"THE COLONIAL ASSURANCE COMPANY OF THE CITY OF 
NEW YORK," NEW YORK, N. Y. 

[Incorporated June 16, 1896. Commenced business July 15, 1896.] 

Paid-up Capital, $200,000. 

LEO H. WISE, President. E. E. HALL, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . 
New York city stock, 
New York State bonds, 
Brooklyn city bonds,' 



Par Value. 

$100,000 00 

100,000 00 

100,000 00 

25,000 00 



Market Value. 

$120,000 00 

104,000 00 

100,625 00 

26,015 62 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Salvage due, 

Gross assets, . . . . 
Deduct special deposits in other States, . 



|325,000 00 $350,640 62 



31, 1896. 

$350,640 62 

44,721 23 

2,108 50 

56,472 00 

500 00 

$454,442 35 

12,000 00 



Balance, $442,442 35 



Liabilities. 

Losses adjusted, unpaid, $4,828 27 

Losses claimed and reported, .... 7,768 50 

Unearned premiums on outstanding risks, . 89,684 15 

Commissions and brokerage, . . . 13,194 41 



168 



THE COLONIAL ASSURANCE CO. 



Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



),109 70 
796 10 

5,381 13 
412 62 



$124,968 51 

$317,473 84 
200,000 00 

$117,473 84 



Income. 

Premiums on risks written or renewed, . 
Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 
Income from all other sources, 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for legal expenses, etc., . 

Gross cash expenditures, .... 



|220,573 73 
56,472 00 

$164,101 73 
25,995 03 



!38,106 70 
2,092 40 
1,353 83 



• 


• 


$141,552 


93 


$19,675 5Q 






987 


58 










$18,687 


08 








. 


. 


34,526 


67 


, . 


. 


960 00 


. . 


. 


292 


76 


• 


• 


1,558 05 



$56,025 46 



Fire risks written during 1896, 
Deduct risks expired and terminated, 

In force at end of year, . . . 
Deduct amount reinsured, 

Net amount in force, . 



Risks and Premiums. 

Premiums. 

. $21,279,094 00 $220,573 73 
. 2,514,659 00 35,653 58 



.$18,764,435 00 $184,920 15 
636,581 00 5,599 85 



. $18,127,854 00 $179,320 30 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$138,107 00 
18,688 00 
31,295 00 
78,300 00 



COMMERCE INSURANCE CO. 



169 



"COMMERCE INSURANCE COMPANY," ALBANY, N. Y. 

[Incorporated June 1, 1859. Commenced business June 1, 1859.] 
Paid-up Capital, $200,000. 
GARRET A. VAN" ALLEN", President. E. DARWIN" JENISON, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . . . . ' 

130 shares N'l Commercial B'k, Albany, N. Y. 



150 
72 
50 
50 
25 

300 
5 



First National Bank, Albany, N. Y. 
Nat'l Exchange B'k, Albany, N. Y. 
National Bank, Cohoes, N. Y., 
South End Bank, Albany, N. Y., 
Holland Trust Co., New York, 
Rensselaer & Saratoga Railroad, 
Underwriters' Salvage Co., N. Y., 



Thomson Pulp and Paper Company bonds, 



Par Value. 

$ 50,000 00 

13,000 00 

15,000 00 

7,200 00 

5,000 00 

5,000 00 

2,500 00 

30,000 00 

500 00 

10,000 00 



Market Value. 

$60,000 00 

45,500 00 

24,000 00 

6,480 00 

7,000 00 

3,750 00 

2,000 00 

54,000 00 

500 00 

10,000 00 



$138,200 00 $213,230 00 



Securities held as collateral for cash loans : - 

35 shares National Bank of Cohoes, N. Y., 
10 " First National Bank, Albany, N. Y., 
5 " JEtna Ins. Co., Hartford, Conn., 



Market Value. Loaned Thereon. 

$4,900 00 $1,500 00 

1,600 00 1,000 00 

1,250 00 350 00 



$7,750 00 



1,850 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $75,000 00 
Loans on mortgage of real estate (first liens*), 79,600 00 

Interest due or accrued thereon, . . . 450 34 

Stocks and bonds, as per schedule, . . . 213,230 00 

Loans on collateral security, as per schedule, . 2,850 00 

Cash deposited in bank, 14,171 13 

Interest due and accrued, 793 33 

Premiums in course of collection (gross), . 8,126 59 

Rents due, . 929 99 

Gross assets, 



$395,151 38 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$72,500 00 

122,900 00 

86,250 00 



170 



COMMEKCE INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, . . . . $10,460 00 

Unearned premiums on outstanding risks, . 95,452 38 

Reinsurance disallowed, 3,480 95 

Incidentals, 2,016 92 

Gross liabilities, except capital, . . 

Surplus as regards policy holders, 

Scrip outstanding, not ordered to be redeemed, 



$111,410 25 

$283,741 13 
200,000 00 



Surplus over capital, $83,741 13 



Income. 

Fire premiums outstanding Dec. 31, 1896, 
Premiums on risks written or renewed, . 

Total, . . . 
Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Gross cash income, .... 

Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, . 
for salaries of officers and employ 
for State and local taxes, 
for incidentals, 

Gross cash expenditures, . . c 



$9,266 70 
161,768 49 

fl7 1,035 19 
8,126 59 

^162,908 60 
21,226 58 



sources, 



$63,845 84 
613 72 



ees, 



$141,682 02 

2,621 89 

10,002 91 

5,910 81 

$160,217 63 



$63,232 12 

16,000 00 

29,896 62 

11,847 17 

8,075 12 

9,396 21 



$138,447 24 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1895, . .$17,912,709 00 $195,524 78 
Fire risks written during 1896, . . . 14,175,246 00 161,768 49 



Total,. . ' . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . . 



,087,955 00 $357,293 27 
13,963,935 00 161,256 62 



$18,124,020 00 $196,036 65 
764,892 00 7,396 56 



$17,359,128 00 $188,640 09 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



171 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



15,349,636 00 

3,452,194 00 

62,567 00 

856,000 00 

16,000 00 

58,750 00 



"THE COMMERCIAL UNION FIRE INSURANCE COMPANY OF 

NEW YORK," N. Y. 

[Incorporated Oct. 30, 1890. Commenced business April 1, 1891.] 

Paid-up Capital, $200,000. 

CHARLES SEWALL, President. A. H. WHAT, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $20,000 00 

New York City armory bonds, . . . 200,000 00 

New York City water loan, .... 13,000 00 



Market Value. 

$23,975 00 

200,000 00 

13,747 50 



Summary of Assets Dec 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 
Gross assets, 



$233,000 00 $237,722 50 

31, 1896. 

$237,722 50 

6 69 

2,845 38 

1,300 70 

9,821 43 
$251,696 70 



Liabilities. 



Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding 
Commissions and brokerage, . 
Return premiums, 
Reinsurance, 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, 



risks 



$116 90 
6,550 00 

$6,666 90 
3,750 00 

$2,916 90 

22,179 35 

1,178 53 

105 66 

1,584 94 



27,965 38 

$223,731 02 
200,000 00 

$23,731 02 



172 



THE COMMERCIAL UNION FIRE INSURANCE CO. 



$79,239 
9,821 


80 
43 


$69,418 
25,419 


37 
80 



Income. 

Fire premiums outstanding Dec. 31, 1896, . $5,217 04 

Premiums on risks written or renewed, . . 74,022 76 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 



Net cash fire premiums received, .... 
Interest and dividends received from all sources, . 

Gross cash income, 

Expenditures. 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, ..... 

Gross cash expenditures, .... 



$43,998 57 


6,432 


60 


$50,431 


17 


$5,970 02 


6,000 


00 


7,201 


88 


1,106 


65 


1,443 


32 


511 


60 


$22,233 47 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

M ,855,134 00 $17,176 04 
7,232,265 00 74,022 76 



^9,087,399 00 $91,198 80 
3,484,921 00 30,777 92 



i,602,478 00 $60,420 88 
995,793 00 16,109 40 



1,606,685 00 $44,311 48 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (3 per cent.), . 
Company's stock owned by directors, .... 



$149,191 00 

87,232 00 

8,874 00 

15,000 00 

6,000 00 

7,500 00 



THE COMMONWEALTH INSURANCE CO. 



173 



"THE COMMONWEALTH INSURANCE COMPANY OF 
NEW YORK," N. Y. 

[Incorporated Aug. 23, 1886. Commenced business Sept. 15, 1886.] 

Paid-up Capital, $500,000. 

CHARLES S. BARTOW, President. E. J. PERRIN", Secretary pro tern. 



Detailed Statement of Stocks 



United States bonds, 

New York city stock, . . . 
Missouri, Kansas & Texas R'y bonds, 
American Cotton Oil Co. bonds, 
200 shares American Telegraph & Cable Co 
125 
1,000 
200 
100 
100 
100 
400 
100 
200 
117 
200 
200 
200 
100 
100 

50 
100 
100 
220 

50 

25 

13 

50 

50 

50 
200 

50 

17 

50 



American Surety Co., . 
Brooklyn City R.R. Co., • . 
Central R.R. Co. of New Jersey, 
Chicago & Alton R R. Co., . 
C, C, C. & St. Louis R.R , . 
Chic, Mil. & St. Paul R'y, . 
Chicago & Northwestern R'y, 
Chic , St. Paul, Minn. & OnTha R'y 
Delaware & Hudson Canal Co., 
Edison Electric 111. Co., Brooklyn 
Edison Electric 111. Co., New York 
Illinois Central Railroad Co., 
Manhattan Railway Co., 
Lake Shore & Mich. South'n R.R. 
Lake Erie & Western R.R., . 
N. Y., New Haven & Hart. R.R., 
Rome, Watert'n & Ogd'b'gh R.R. 
Toledo & Ohio Central Railway, 
Western Union Telegraph Co., 
Merchants' National Bank, N Y. 
National B'k of Commerce, N. Y. 
Bank of America, New York, 
Central National B'k, New York, 
German Americ'n B'k, New York 
New York Produce Exchange B'k 
N. Y. Cent. & Hudson River R.R. 
Corn Exchange Bank, . 
Manhattan Company Bank, . 
National Park Bank of New York 



and Bonds. 

Par Value. 

170,000 00 

125,000 00 

10,000 00 

5,000 00 

20,000 00 

6,250 00 

10,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

40,000 00 

10,000 00 

20,000 00 

11,700 00 

20,000 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

22,000 00 

2,500 00 

2,500 00 

1,300 00 

5,000 00 

3,750 00 

5,000 00 

20,000 00 

5,000 00 

850 00 

5,000 00 



Market Value. 

$76,525 00 

125,000 00 

8,175 00 

5,375 00 

17,900 00 

11,875 00 

17,450 00 

20,100 00 

16,200 00 

7,400 00 

13,100 00 

50,800 00 

13,300 00 

23,200 00 

11,700 00 

20,175 00 

18,500 00 

17,925 00 

15,125 00 

6,850 00 

8,875 00 

11,775 00 

6,250 00 

18,315 00 

3,400 00 

5,062 50 

4,160 00 

6,500 00 

4,200 00 

6,000 00 

18,650 00 

14,750 00 

1,806 25 

13,125 00 



$555,850 00 $619,543 75 



174 



THE COMMONWEALTH INSUEANCE CO. 



Summary of Assets Dec. 31, 1896. 



Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, . ... 



$147,500 00 

1,615 42 

619,543 75 

1,622 34 

36,364 68 

5,988 58 

28,940 58 



$841,575 35 



Liabilities. 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Return premiums, 

Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$10,082 87 

102,446 75 

1,200 00, 

2,560 28 

1,669 50 

461 26 



118,420 66 

$723,154 69 
500,000 00 

$223,154 69 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $25,683 87 
Premiums on risks written or renewed, . . 226,511 21 

Total, $252,195 08 

Premiums now in course of collection, . . 28,940 58 

Entire premiums collected, .... $223,254 50 
Less reinsurance and return premiums, . . 34,393 88 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$188,860 62 

6,907 83 

27,233 32 



Gross cash income, ' . $223,001 77 



Expenditures. 

Cash paid for fire losses, . . . . . $74,073 28 
Deduct salvage arid reinsurance, . . . 4,072 86 

Net cash paid for fire losses, .... $70,000 42 

Cash dividends paid, 30,000 00 

Cash paid for commissions and brokerage, .... 19,296 04 

* Value of lands mortgaged $112,500 00 

Value of buildings thereon 129,500 00 

Amount of insurance held as collateral, 124,000 00 



THE CONCORDIA FIRE INSURANCE CO. 



175 



Cash paid for salaries of officers and employees, . 
for State and local taxes, 
for all other payments, .... 

Gross cash expenditures, 

Risks and Premiums. 



$25,074 00 

5,894 79 

12,844 33 

1163,109 58 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



Premiums. 

.$19,465,012 00 $196,660 45 
. 25,274,314 00 226,511 21 



.$44,739,326 00 $423,171 66 
. 23,776,699 00 220,573 03 



,962,627 00 $202,598 63 
342,740 00 2,811 55 



.$20,619,887 00 $199,787 08 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent ), . 
Company's stock owned by directors, .... 



12,003,015 00 

1,144,471 00 

60,419 00 

156,000 00 

30,000 00 

138,000 00 



"THE CONCORDIA FIRE INSURANCE COMPANY OF 
MILWAUKEE," MILWAUKEE, WIS. 

[Incorporated March 7, 1870. Commenced business March 22, 1870.] 

Paid-up Capital, $200,000. 

J. H. INBUSCH, President. GUSTAV WOLLAEGER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$25,000 00 
40,000 00 



Chicago, 111., sewerage bonds, . 
Cincinnati sinking fund bonds, 
Washington Co., 111., bonds, 
Lincoln, Neb., school bonds, 
State of Montana bonds, . 



15,000 00 
25,000 00 
40,000 00 



Market Value. 

$25,500 00 
42,400 00 
15,450 00 
25,750 00 
42,000 00 



$145,000 00 |151,100 00 



Summary op Assets Dec. 31, 1896. 

Loans on mortgage of real estate (first liens *), $506,605 00 
Interest due or accrued thereon, . . . 6,208 86 

Stocks and bonds, as per schedule, . . . 151,100 00 

* Value of lands mortgaged $768,550 00 

Value of buildings thereon 700,150 00 

Amount of insurance held as collateral, .... 366,450 00 



176 



THE CONCORDIA FIRE INSURANCE CO. 



Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$1,558 20 

59,376 56 

2,662 50 

75,956 53 



,467 65 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$12,331 33 
9,660 25 
9,854 96 

$31,846 54 
4,624 92 

$27,221 62 

399,693 59 

15,950 85 



442,866 06 

$360,601 59 
200,000 00 

f 160,601 59 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $58,123 79 
Premiums on risks written or renewed, . . 569,815 13 

Total, $627,938 92 

Premiums now in course of collection, . . 75,956 53 

Entire premiums collected, .... $551,982 39 
Less reinsurance and return premiums, . . 125,738 96 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$426,243 43 

30,131 12 

6,286 85 



Gross cash income, $462,661 40 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for all other payments, . 

Gross cash expenditures, .... 



$252,084 94 
22,477 26 



$229,607 68 
18,000 00 
100,159 20 
28,620 00 
11,108 69 
44,125 59 

$431,621 16 



CONNECTICUT FIRE INSURANCE CO. 



177 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

. $66,977,479 00 $839,952 89 
. 48,411,999 00 569,815 13 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$115,389,478 00 $1,409,768 02 
. 42,809,040 00 552,494 59 



. $72,580,438 00 $857,273 43 
. 6,248,379 00 84,409 47 



,332,059 00 $772,863 96 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (9 per cent.), . 

Company's stock owned by directors, 



$5,273,058 00 

2,905,646 00 

224,516 00 

229,667 00 

18,000 00 

147,700 00 



"CONNECTICUT FIRE INSURANCE COMPANY," HARTFORD, 

CONN. 

[Incorporated June, 1850. Commenced business July, 1850.] 

Paid-up Capital, $1,000,000. 

J. D. BROWNE, President. CHARLES R. BURT, Secretary. 



Detailed Statement of 



Dominion of Canada, 
State of Georgia, 
State of South Dakota, 
Territory of Arizona, 
City of Astoria, Ore , 
City of Dallas, Texas, 
City of Duluth, Minn., 
City of Fargo, N. D., 
City of Helena, Montana, 
City of Middletown, Conn., 
City of New Britain, Conn., 
City of Pawtucket, R. I., 
City of Portland, Oregon, 
City of Richmond, Va., 
City of Salem, Oregon, 
City of Salt Lake, Utah, 
City of Seattle, Washington, 
City of Urbana, Ohio, 



Stocks and Bonds. 

Par Value. 

$100,000 00 
25,000 00 
40,000 00 
25,000 00 
12,000 00 
12,000 00 
20,060 00 
14,000 00 
17,000 00 
10,000 00 
10,000 00 
30,000 00 
25,000 00 
50,000 00 
11,000 00 
50,000 00 
25,000 00 
15,000 00 



Market Value. 

$104,000 00 
28,750 00 
40,920 00 
26,000 00 
12,600 00 
12,000 00 
20,360 00 
15,300 00 
17,340 00 
10,500 00 
10,200 00 
30,525 00 
27,500 00 
50,000 00 
11,880 00 
51,500 00 
25,000 00 
15,000 00 



178 



CONNECTICUT FIRE INSURANCE CO. 



Hennepin County and Minneapolis City, . 

Wayne County, Mich., .... 

Mankato School District, Minn,, 

School Dist. No. 2, Arapahoe County, Col., 

School Dist. No. 11, El Paso County, Col., 

School Dist. No. 24, Marion County, Ore., 

South School District Notes, Hartford, Conn 

Black Rocks & Salisbury Beach St. R.R., 

Broadway & Seventh Avenue R.R. Co., 

C, B. &Q. R.R Co., 

Cleve., Cin., Chic. & St. L. R.R., 

Cleve. Electric Railway Co., 

Cin., D. & Ironton R.R. Co., . 

Cin., Hamilton & Dayton R.R. Co., 

Cleveland & Mahoning Valley R.R 

Chicago & Western Indiana R.R. Co 

Chicago & Northwestern R.R. Co., 

Dayton & Michigan R.R. Co., . 

Fitchburg R.R. Co., . 

G. Rapids, L. & D. R.R. Co., . 

Hartford Street Railway Co., . 

Housatonic R.R. Co., 

Indiana, Illinois & Iowa R.R, Co., 

Lynn & Boston Railway Co., . 

Manitou & Pike's Peak Railway Co 

North Chicago Street R.R. Co., 

N. Y., N. H. & H. R.R. Co. ctfs., 

Saginaw & Western R.R. Co., . 

Toledo & Ohio Central R.R. Co., 

Waterbury, Conn., Traction Co., 

W. Chicago St. R.R. Co., . 

W. Chicago St. R.R. Tunnel Co., 

Brooklyn Wharf & Warehouse Co., 

Hartford Electric Light Co., 

Minneapolis Gas Light Co., 

Northwestern Telegraph Company, 

Central Safety Deposit Co., Chicago, 

Traders' Safe and Trust Co., Chicago, 

150 shares Bald Eagle Valley R.R., . 

142 " Boston & Albany R.R., . 

740 " Chicago, Burlington & Quincy R.R 

150 " Chicago & Northwestern R.R., 

220 " Chicago, Rock Island & Pacific R.R 

300 " N.Y. Central & Hudson River R.R 

375 " N.Y., New Haven & Hartford R.R 

300 " Pitts., F. W. & Chicago R.R., . 

200 " Empire & B. S. Telegraph Co., 

600 " Northwestern Telegraph Co., . 



Par Value. 

$25,000 00 
25,000 00 
15,000 00 
25,000 00 
15,000 00 
13,000 00 
30,000 00 
10,000 00 
20,000 00 
25,900 00 
10,000 00 
20,000 00 
15,000 00 
50,000 00 
10,000 00 
15,000 00 

5,000 00 
25,000 00 
20,000 00 

3,000 00 
25,000 00 
30,000 00 
25,000 00 
10,000 00 
10,000 00 
10,000 00 
55,000 00 

2,000 00 
15,000 00 
10,000 00 
10,000 00 
10,000 00 
75,000 00 
10,000 00 
25,000 00 
15,000 00 
25,000 00 
10,000 00 

7,500 00 
14,200 00 
74,000 00 
15,000 00 
22,000 00 
30,000 00 
37,500 00 
30,000 00 
20,000 00 
30,000 00 



Market Value. 

$27,500 00 
25,750 00 
15,000 00 
26,000 00 
15,150 00 
14,040 00 
30,000 00 

9,500 00 
21,000 00 
26,160 00 

9,200 00 
20,400 00 
15,750 00 
52,250 00 
11,500 00 
17,400 00 

5,400 00 
26,000 00 
21,000 00 

1,500 00 
25,437 50 
30,000 00 
21,250 00 
10,200 00 

9,000 00 
10,350 00 
67,450 00 

1,000 00 
15,900 00 
10,000 00 
10,000 00 
10,175 00 
75,000 00 
10,200 00 
26,000 00 
16,875 00 
25,000 00 
10,000 00 
15,000 00 
29,536 00 
51,800 00 
15,000 00 
14,300 00 
27,900 00 
65,625 00 
48,000 00 
14,800 00 
33,000 00 



CONNECTICUT FIRE INSURANCE CO. 



179 



167 shares First National Bank, Minneapolis, . 

100 " Importers & Traders NT B 1 k, N.Y., 

11 " Second National Bank, New Haven, 

100 " iEtna National Bank, Hartford, 

93 " Charter Oak Nat. Bank, Hartford, . 

125 " Farm & Mech. NT Bank, Hartford, 

185 " First National Bank, Hartford, 

300 " Hartford National Bank, Hartford, 

100 " Mercantile National Bank, Hartf'd, 

412 " National Exchange Bank, Hartford, 

150 " Phoenix National Bank, Hartford, . 

45 " Conn. Trust & S. D. Co., Hartford, 



Securities held as collateral for cash loans 

No. Chicago St. R'y Co. stock, . 
Minneapolis & St. Louis Railroad stock, 
Arizona Canal & Improvement bonds, 
Denver Union water bond, 
Lima Lake (111 ) drainage bond, 



Par Value. 

$16,700 00 
10,000 00 

1,100 00 
10,000 00 

9,300 00 
12,500 00 
18,500 00 
30,000 00 
10,000 00 
20,600 00 
15,000 00 

4,500 00 



Market Value. 

$12,525 00 
53,000 00 

1,870 00 
14,000 00 

8,370 00 
13,750 00 
20,350 00 
42,000 00 

7,500 00 
26,780 00 
18,000 00 

7,200 00 



,678,360 00 $1,824,018 50 



Market Value. Loaned Thereon. 



$5,000 00 

7,800 00 

3,000 00- 

900 00 

900 00. 



$4,000 00 
6,000 00 

4,000 00 



$17,600 00 $14,000 00 



Summary op Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $154,775 00 

Loans on mortgage of real estate (first liens *), 916,359 00 

Stocks and bonds, as per schedule, . . . 1,824,018 50 

Loans on collateral security, as per schedule, . 14,000 00 

Cash in the office of the company, . . . 728 77 

Cash deposited in bank, ..... 170,658 56 

Premiums in course of collection (gross), . 232,808 74 

Bills receivable, not matured, taken for fire risks, 1,020 50 

Gross assets, 

Deduct special deposits in other States, . 



Balance, $3,129,589 07 



1,314,369 07 
184,780 00 



Liabilities. 
Losses claimed and reported, 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 



$118,736 87 
25,944 94 

$144,681 81 
6,199 6Q 

$138,482 15 
1,430,015 17 



* Value of lands mortgaged, $1,297,985 00 

Value of buildings thereon, 1,195,520 00 

Amount of insurance held as collateral, .... 891,150 00 



180 



CONNECTICUT FIRE INSURANCE CO. 



Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 

Commissions and brokerage, . 
Reinsurance, ...... 

Reinsurance disallowed, . . ■ . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Gross cash income, .... 



,839 47 

6,258 16 

26,475 72 

19,441 33 

27,182 38 

11,671,694 38 
71,768 00 



$1,599,926 38 

$1,529,662 69 
1,000,000 00 

$529,662 69 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, . 



$268,259 53 
1,991,741 29 

$2,260,000 82 
232,808 74 

$2,027,192 08 
266,889 36 



sources, . 



$1,760,302 72 
45,859 05 
84,873 81 

$1,891,035 58 



l,054,548 12 
47.198 41 



$1,007,349 71 
100,000 00 
311,237 74 
137,411 48 
39,751 42 
125,680 82 

$1,721,431 17 



Risks and Premiums. 



Fire risks outstanding Dec. 31,1895, 
Fire risks written during 1896, 

Total, . . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$210,786,643 00 

. 158,550,267 00 

$369,336,910 00 

. 142,056,121 00 

$227,280,789 00 

. 7,171,665 00 



Premiums. 

>2,705,384 93 
1,991,741 29 

14,697,126 22 
1,844,467 84 



1,852,658 38 
92,530 89 



$220,109,124 00 $2,760,127 49 



CONTINENTAL INSURANCE CO. 



181 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, 



$21,892,188 00 

12,486,813 00 

898,079 00 

2,105,000 00 

100,000 00 

44,800 00 



"CONTINENTAL INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated November, 1852. Commenced business January, 1853.] 

Paid-up Capital, $1,000,000. 

F. C. MOORE, President. EDWARD LANNINO, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

250 shares American Exchange Nat'l Bank, . $25,000 00 $42,500 00 

50 " Bank of America, .... 5,000 00 15,500 00 

50 " Bowery Bank, . . . . 5,000 00 15,000 00 

1,200 " Mechanics' National Bank, . . 30,000 00 55,500 00 

250 " Mercantile National Bank, . . 25,000 00 41,250 00 

350 " Merchants' National Bank, . . 17,500 00 22,750 00 

100 " Nassau Bank, .... 5,000 00 7,250 00 

382 " Phenix National Bank, . . . 7,640 00 7,640 00 

200 " Central Trust Company, . . 20,000 00 200,000 00 

1,100 " Chicago, Burl. & Quincy R.R , . 110,000 00 77,000 00 

750 " Chicago, Mil. & St. Paul Railway, 75,000 00 96,000 00 

74 " Chicago & Alton Railroad, . . 7,400 00 12,950 00 

1,000 " Chicago & Northwestern Railway, 100,000 00 150,000 00 

1,000 " Chicago, Rock Island & Pacific R'y, 100,000 00 63,000 00 

1,000 " Chi., St. Paul, Minn. & Omaha R'y, 100,000 00 125,000 00 

1,000 " Clev., Cin., Chic. & St. Louis R R., 100,000 00 74,000 00 

500 " Consolidated Gas Co. of N. Y., . 50,000 00 70,000 00 

200 " Delaware & Hudson Canal Co., . 20,000 00 22,000 00 

7,500 " Brooklyn City Railroad Co., . 75,000 00 127,500 00 

500 " N. Y., Chicago & St Louis R'y, . 50,000 00 35,000 00 

1,500 " Lake Shore & Mich. Southern R'y, 150,000 00 225,000 00 

3,000 " New York & Harlem Railroad, . 150,000 00 427,500 00 

500 " N.Y., New Haven & Hartford R.R., 50,000 00 85,000 00 

1,000 " Pennsylvania Railroad Company, 50,000 00 50,000 00 

5,000 " Pitts.,McKees &Youghiogh'y R.R , 250,000 00 300,000 00 

500 " Rome,Watert"n&Ogdensb'gR.R., 50,000 00 57,500 00 

500 " St. Paul & Duluth Railroad, . . 50,000 00 40,000 00 

1,000 " St. Paul, Minn. & Manitoba R'way, 100,000 00 110,000 00 

1,200 " United N. J. R.R. & Canal Co., ' . 120,000 00 282,000 00 

Atlantic & Gulf Railroad bonds, . . . 47,000 00 47,000 00 

Cedar Rapids, la. Falls & Northw'n R.R. bonds, 50,000 00 50,000 00 



182 



CONTINENTAL INSURANCE CO. 



Chicago, Burl. & Quincy Railroad bonds, 
Chicago, Milwaukee & St. Paul R.R. bonds, . 
Chicago & Northwestern sinking fund bonds, 
Chicago, Rock Island & Pacific R.R. bonds, . 
Chicago, St. Paul, Minn. & Omaha R'y bonds, 
Columbia & Greenville Railroad bonds, . 
Elmira, Cortland & Northern R.R. bonds, 
Erie Railway Company bonds, 
Georgia, Carolina & Northern Railway bonds, 
Grand Rapids, Lansing & Detroit R.R. bonds, 
Indiana, Bloomington & Western R.R. bonds, 
Kentucky Central Railway Company bonds, 
Midland Railroad Co. of New Jersey bonds, 
Milwaukee, Lake Shore & Western R.R. bonds 
Morris & Essex Railroad bonds, 
New York Cen. & Hudson River R.R. bonds, 
New York, Lackawanna & Western R'y bonds 
N. Y., New Haven & Hartford R.R. bonds, 
Raleigh & Augusta Air Line Railroad bonds, 
Richmond & Danville Railroad bonds, 
St. Paul, Minn. & Manitoba Railroad bonds, 
Western Union Telegraph Company bonds, 
Portland, Oregon, water bonds, 
Richmond, Virginia, bonds, 
Alabama bonds, 
Georgia bonds, . 
United States bonds, . 
New York city bonds, 



Par Value. 

$10,000 00 

50,000 00 

49,000 00 

100,000 00 

100,000 00 

50,000 00 

50,000 00 

50,000 00 

25,000 00 

50,000 00 

135,000 00 

50,000 00 

50,000 00 

100,000 00 

50,000 00 

50,000 00 

50,000 00 

20,000 00 

50,000 00 

50,000 00 

100,000 00 

104,000 00 

50,000 00 

50,000 00 

10,000 00 

25,000 00 

600,000 00 

300,000 00 



Market Value. 

$11,000 00 

56,500 00 

53,900 00 

100,000 00 

125,000 00 

50,000 00 

52,500 00 

67,500 00 

19,500 00 

25,000 00 

141,750 00 

42,500 00 

57,500 00 

127,000 00 

69,000 00 

52,500 00 

62,500 00 

26,000 00 

52,500 00 

58,000 00 

115,000 00 

109,200 00 

55,000 00 

50,000 00 

10,000 00 

26,250 00 

698,500 00 

312,500 00 



1,372,540 00 $5,560,440 00 



Summary of Assets Dec. 31, 1896.* 



Cash value of unencumbered real estate, 



st liens f), 



Loans on mortgage of real estate (fir 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, 

Cash in the office of the company, 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross), 



$1,236,250 00 

106,060 00 

2,381 47 

5,560,440 00 

37,580 58 

256,985 28 

77,014 39 

377,136 66 



* The company holds also instalment premium notes to the amount of $1,442,516.84, which 
do not enter into nor form any part of the assets of the company, as no portion of them is earned. 
Whatever value is attached to them would necessarily be counterbalanced by the addition of an 
amount exactly equal to the reinsurance liability, the entire sum consisting of " unearned pre- 
miums." 

t Value of lands mortgaged, $136,650 00 

Value of buildings thereon, 159,450 00 

Amount of insurance held as collateral, .... 128,925 00 



CONTINENTAL INSURANCE CO. 



183 



Bills rec'able for fire, marine and inland risks, $121,574 59 

Rents, 924 16 

Prem's more than three mos. due, $349,515 39 

Gross assets,* $7,776,347 13 

Deduct special deposits in other States, 131,250 00 

Balance, $7,645,097 13 



Liabilities. 

Losses claimed and reported, 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Dividends to stockholders, unpaid, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Reserve for contingencies, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 



Surplus over capital, . 



$236,005 45 
35,650 00 

$271,655 45 
1,020 65 

$270,634 80 

3,523,299 59 

28,823 00 

6,093 36 

600 00 

15,000 00 

117,677 62 

250,000 00 

£4,212,128 37 
76,809 60 



4,135,318 77 

$3,509,778 36 

1,000,000 00 

$2,509,778 36 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$542,402 43 
22,766 03 

$519,636 40 
3,839,539 38 

$4,359,175 78 
498,711 25 

$3,860,464 53 
414,636 13 



sources, 



- $3,445,828 40 

5,372 77 

262,869 06 

46,533 67 

. $3,760,603 90 



* Including $600,000 special reserve fund held under New York law. 



184 



THE DEL A WAKE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, $1,702,585 33 

Deduct salvage and reinsurance, . . . 19,222 62 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for redemption of scrip and interest, 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, . ■ . 
for general expenses, 

Gross cash expenditures, .... 



,683,362 71 

176,438 50 

387 66 

691,874 78 

297,309 68 

74,829 62 

202,348 63 

5,126,551 58 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$667,198,300 00 $6,880,369 96 
392,138,697 00 3,839,539 38 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, 



$1,059,336,997 00 $10,719,909 34 
361,027,834 00 3,653,195 48 



,309,163 00 $7,066,713 86 
3,949,194 00 36,147 86 



$694,359,969 00 $7,030,566 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (17.7 per cent.), 
Company's stock owned by directors, . 



$65,279,426 00 
36.220,145 00 
1,587,284 00 
5,669,357 00 
177,000 00 
148,400 00 



"THE DELAWARE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.] 

Paid-up Capital, $702,875. 

TATTNALL PAULDING, President. HENRY LYLBURN, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$100,000 00 
31,300 00 



United States bonds, . 
Tennessee State bonds, 
Georgia State bonds, 
Richmond, Va., city bonds, 
Newark, N. J., city bonds, 



25,000 00 
37,000 00 
75,000 00 



Market Value- 

$114,000 00 
25,353 00 
25,250 00 
37,000 00 
80,250 00 



THE DELAWARE INSURANCE CO. 



185 



Camden, N. J , city bonds, 

Springfield, 111., city bonds, 

Philadelphia & Reading Railroad bonds, . 

Allentown Terminal Railroad bonds, 

Lehigh Valley Railroad bonds, 

Pennsyl. & New York Canal and R.R. Co. bonds 

Philadelphia, Wil. & Bait. R.R. certificates, 

Philadelphia & Reading R.R. car trust, . 

Pennsylvania Railroad stock, . 

Pitts., Youngstovvn & Ashtabula R.R. bonds, 

Baltimore Belt Railroad bonds, 

Wilmington & Northern Railroad bonds, 

Underwriters' Salvage Company of N. Y., stock 

Brooklyn Wharf & Warehouse Co. bonds, 

St. Louis Merchants' Bridge Terminal Co., 

Delano Land Company's bonds, 

Philadelphia Bourse stock, 

Mortgage Trust Company, Pennsylvania, 

Lehigh Valley Railroad bonds, 

People's Passenger Railway Company, . 



Securities held as collateral for cash loans : — 

100 shares Philadelphia Traction Co., 
113 " Atchison, Topeka & Santa Fe R.R , 
47 " Philadelphia & Reading R.R., 
100 " Cambria Iron Co., . 
100 " Philadelphia Traction Co., 
200 " United Gas Improvement Co., 
200 " Philadelphia & Reading Railroad, . 
Lehigh Valley Coal Co. bonds, 



Par Value. 

130,000 00 
25,000 00 

100,000 00 
50,000 00 

100,000 00 
50,000 00 
30,000 00 
40,000 00 
25,000 00 
40,000 00 
40,000 00 
25,000 00 
500 00 
20,000 00 
25,000 00 
30,000 00 
1,000 00 
15,000 00 
25,000 00 
30,000 00 



Market Value. 

$30,600 00 
26,500 00 

101,750 00 
50,000 00 
99,000 00 
48,000 00 
30,900 00 
40,000 00 
25,875 00 
44,000 00 
37,000 00 
25,750 00 
500 00 
19,800 00 
25,750 00 
30,750 00 
200 00 
15,000 00 
25,250 00 
30,100 00 



$969,800 00 $988,578 00 



Market Value. Loaned Thereon. 



$6,675 00^ 
11,413 00 y 
21,855 00 J 
4,325 00^ 
9,400 00 }> 
14,550 00 J 

2,600 00 
67,550 00 



$25,000 00 



20,000 00 

1,200 00 
50,000 00 



$138,368 00 $96,200 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $160,000 00 

Loans on mortgage of real estate (first liens *), 100,200 00 

Interest due or accrued thereqn, . . . 1,297 77 

Stocks and bonds, as per schedule, . . . 988,578 00 

Loans on collateral security, as per schedule, . 96,200 00 

Cash in the office of the company, . . . 230 90 

Cash deposited in bank, . . . . 72,240 74 

Interest due and accrued, 149 65 

Premiums in course of collection (gross) , . 163,577 54 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



5177,000 00 
86,000 00 
77,500 00 



186 



THE DELAWARE INSURANCE CO. 



Bills receivable, .... 
Rents, . . . . 
Reinsurance on losses, 

Gross assets, .... 
Deduct special deposits in other States, 



Balance, . . . . " , . . . . $1,523,639 30 



$1,569 27 




645 


84 




1,199 


59 


$1,585,889 30 
62,250 00 


• 


• 



Liabilities. 
Losses adjusted, unpaid, . . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Reinsurance, . . . . 
Reinsurance disallowed, . 

Gross liabilities, except capital, . 
Deduct liability on special deposits, 



$8,254 00 

42,906 00 

5,500 00 

565,882 77 

88,632 02 

97 00 

12,614 55 

4,559 20 

11,100 44 

$739,545 98 
31,113 00 



708,432 98 



Surplus as regards policy holders, . 
Paid-up capital, 



. $815,206 32 
702,875 00 



Surplus over capital, $112,33132 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, 

Total, ;.,... 

Premiums now in course of collection, 

Entire premiums collected, 
- Less reinsurance and return premiums, 
Net cash marine premiums received, 



$165,965 66 
966,710 79 

1,132,676 45 
161,461 97 

$971,214 48 
213,987 02 

$3,415 70 
82,152 75 



,568 45 
1,569 27 



,999 18 
82,180 71 



$757,227 46 



1,818 47 



THE DELAWARE INSURANCE CO. 



187 



Interest received cm mortgages, $6,344 11 

Interest and dividends received from all other sources, . . 46,966 23 

Premiums on perpetual fire risks, 8,617 52 

Deposits received for perpetual fire risks, . $12,754 13 

Gross cash income, $820,973 79 



Expenditures. 

Cash paid for fire losses, $398,855 86 

Deduct salvage and reinsurance, . . . 30,706 67 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . . $101,630 29 
Deduct salvage and reinsurance, . . . 99,106 15 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 
Deposits returned on perpetual fire risks, . $2,678 95 

Gross cash expenditures, 



,149 19 



2,524 14 
42,172 50 
166,313 41 
70,688 04 
28,535 80 
64,334 30 



$742,717 38 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 

Perpetual risks in force (not incl'd above) , 

Marine risks written during 1896, . 
Deduct amount reinsured, 



.$84,589,541 00 
. 83,635,090 00 

$168,224,631 00 
. 67,010,655 00 

$101,213,976 00 
. 8,742,269 00 

. $92,471,707 00 

. $3,647,050 00 

$15,725,000 00 
$15,725,000 00 



Premiums. 

$1,039,765 94 
966,710 79 

$2,006,476 73 
818,380 29 

$1,188,096 44 
112,624 89 

$1,075,471 55 

1,730 74 

52,152 75 
!,152 75 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



$31,235,653 00 

18,617,482 00 

359,761 00 

2,571,246 00 

42,172 00 

55,975 00 



188 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



"THE DETROIT FIRE AND MARINE INSURANCE COMPANY," 

DETROIT, MICH. 

[Incorporated Feb. 1, 1866. Commenced business March 14, 1866.] 

Paid-up Capital, $500,000. 

WILLIAM A. MOORE, President. C. L. ANDREWS, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, . - . . . . $40,000 00 

Ft. Wayne & Belle Isle R.R. bonds, . . 28,000 00 

School Dist. bonds, Springwells, Mich., . . 6,000 00 



Market Value. 

$45,600 00 

28,000 00 

6,000 00 



Securities held as collateral for cash loans : — 

Mortgage assigned, . 

People's Savings Bank stock, . . .''... 
Citizens 1 Savings Bank stock, .... 



$74,000 00 $79,600 00 



Market Value. Loaned Thereon. 

$2,000 00 $500 00 

3,000 00 3,000 00 

1,100 00 600 00 



$6,100 00 $4,100 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, 

Premiums in course of collection (gross), 

Notes taken for marine and inland risks, 

Reinsurance, etc., 

Agents' balances, .... $670 77 

Prem's more than three mos. due, . 3,547 81 

Gross assets, 



31, 1896. 



), 



$128,089 68 
932,085 46 

36,835 92 

79,600 00 
4,100 00 
4,447 90 

43,963 51 
1,201 86 

32,174 73 
2,294 45 
3,507 91 



$1,268,301 42 



Liabilities. 

Losses adjusted, unpaid, ..... $1,569 70 

claimed and reported, . . . . 5,649 97 

disputed or resisted, .... 2,043 68 

Unearned premiums on outstanding risks, . 167,340 47 

State and local taxes, 166 81 



* Value of lands mortgaged, . 

Value of buildings thereon, 
Amount of insurance held as collateral, 



$1,344,047 00 

1,116,112 00 

683,897 00 



THE DETROIT FIRE AND MARINE INSURANCE CO. 



189 



Commissions and brokerage, . 
Return premiums, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . 



Surplus over capital, . 



&2,818 82 
4,753 85 



1184,343 30 



. $ 1,083,958 12 
500,000 00 



. §583,958 12 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, . 



Total, ....... 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 

Received for increased capital, 



138,680 92 
248,996 71 

$287,677 63 
35,509 21 

$252,168 42 
44,582 02 

$2,608 08 
39,555 00 

$42,163 08 
2,498 42 

$39,664 66 
10,611 87 



sources, . 
$100,000 00 



$207,586 40 



29,052 79 

54,558 65 

11,367 03 

1,099 49 



Gross cash income, 



$303,664 36 



Expenditures. 

■Cash paid for fire losses, 

Cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for profit and loss account, 

for incidentals, .... 



$93,492 72 
7,053 06 
45,000 00 
28,816 32 
23,548 84 
19,537 26 
3,783 29 
19,947 94 



Gross cash expenditures, 



$241,179 43 



190 



EASTERN INSURANCE CO. 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1895, . $28,205,435 00 $330,706 87 

Fire risks written during 1896, . . . 22,406,129 00 248,996 71 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Marine risks written during 1896, . 
Deduct risks expired and terminated, 

In force at end of year, . 



,611,564 00 $579,703 58 
22,909,760 00 261,966 14 



$27,701,804 00 
94,179 00 



117,737 44 
809 63 



$27,607,625 00 $316,927 81 



52,491,574 00 
2,115,999 00 



,555 00 
23,120 26 



$375,575 00 f 16,434 74 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (9 per cent.), . 
Company's stock owned by directors, .... 



£6,667,082 00 

3,358,428 00 

81,094 00 

13,104 00 

816,000 00 

45,000 00 

128,850 00 



"EASTERN INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated March 24, 1896. Commenced business April 22, 1896.] 

Paid-up Capital, $200,000. 

VERNON C. BROWN, President. JAMES MARSHALL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Equitable Gas Light Co., N. Y., bonds, . . $25,000 00 $28,562 50 

Pennsylvania Co. bonds, 10,000 00 11,000 00 

United States bonds, 115,000 00 138,575 00 

Manhattan Railway Co. bonds, . . . 10,000 00 9,400 00 

New York City school bonds, .... 10,000 00 10,575 00 

New York City water bonds 10,000 00 10,575 00 

West Shore Railroad Co. bonds, . . . 50,000 00 52,625 00 



$230,000 00 $261,312 50 



EASTERN INSURANCE CO. 



191 



Summary of Assets Dec. 31, 1896. 



Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Salvage due, 

Gross assets, 



Liabilities. 



Losses claimed and reported, 
Less reinsurance, 



$72,000 00 

906 68 

261,312 50 

1 93 

23,956 20 

611 95 

27,566 09 

750 00 



$3,113 75 
352 50 

$2,761 25 

51,787 50 

7,610 96 

3,819 08 

350 00 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 

Income. 

Premiums on risks written or renewed, . . $138,775 16 
Premiums now in course of collection, . . 27,566 09 

Entire premiums collected, .... $111,209 07 
Less reinsurance and return premiums, . . 25,913 36 

Net cash fire premiums received, . . . 

Interest received on mortgages, . . ... 
Interest and dividends received from all other sources, . 
Received for surplus fund, . . i , . $100,000 00 

Gross cash income, . '. . . . . . 

Expenditures. 
Cash paid for fire losses, $11,229 99 

Deduct salvage and reinsurance, . . . 1,970 32 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, .... 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, 



$387,105 35 



66,328 79 

$320,776 56 
200,000 00 

$120,776 56 



$85,295 71 

403 33 

4,875 00 



,574 04 



$9,259 67 

26,813 45 

673 58 

85 00 



,831 70 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$81,000 00 
44,000 00 
40,000 00 



192 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Fire risks written during 1896, 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Risks and Premiums. 

Premiums. 

.$ 17,825,586 00 $138,775 16 
. 4,074,466 00 29,563 73 



. $13,751,120 00 $109,211 43 
713,390 00 5,939 11 



$13,037,730 00 $103,272 32 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$85,296 00 

9,260 00 

12,021 00 

62,500 00 



"EQUITABLE FIRE AND MARINE INSURANCE COMPANY," 

PROVIDENCE, R. I. 

[Incorporated May, 1859. Commenced business September, I860.] 

Paid-up Capital, $300,000. 

FRED. W. ARNOLD, President. JAMES E. TILLINGHAST, Secretary. 



Detailed Statement of Stocks 



340 " NatU Bank of Commerce, Prov., 
200 " American National Bank, Prov., 
100 " Fourth National Bank, Providence 
100 " First National Bank, Warren, 
18 " Third National Bank, Providence, 
200 " N. Y. Central & Hud. River R.R., 
200 " Illinois Central Railroad, 
100 " Chic, Rock I. & Pacific Railroad, 
107 " Chic, Burl. & Quincy Railroad, 
100 " Michigan Central Railroad, . 
50 " Rhode Island & Mass. Railroad, 
50 " Wells, Fargo & Company Express 
500 " Providence Gas Company, 
United States bonds, 
Boston city bonds, . 
Union Pacific Railroad bonds, . 
Pawtuxet Valley Railroad bonds, . 
Central Park, North & East River R.R. bonds 
Lehigh Valley Railroad bonds, 
New York, Providence & Boston R.R. bonds, 



and Bonds. 

Par Value. 

$50,000 00 
17,000 00 
10,000 00 
10,000 00 
10,000 00 

1,800 00 
20,000 00 
20,000 00 
10,000 00 
10,700 00 
10,000 00 

5,000 00 

5,000 00 
25,000 00 
25,000 00 
25,000 00 
18,000 00 
22,000 00 
15,000 00 
10,000 00 

1,000 00 



Market Value. 

$55,000 00 

13,940 00 

8,600 00 

11,800 00 

9,000 00 

1,080 00 

18,700 00 

18,600 00 

6,600 00 

7,490 00 

9,000 00 

5,000 00 

5,000 00 

42,500 00 

27,500 00 

27,500 00 

18,540 00 

23,650 00 

16,500 00 

11,000 00 

1,060 00 



EQUITABLE FIRE AND MARINE INSURANCE CO. 193 



Milwaukee City Railroad bonds, 

National Water Works bonds, . 

Chicago, Burlington & Quincy R R. bonds, 



Par Value. 

$5,000 00 
6,800 00 
3,000 00 



Market Value. 

$5,250 00 
4,500 00 
3,225 00 



$335,300 00 $351,035 00 



Summary op Assets Dec. 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . • . 

Cash deposited in bank, 

Premiums in course of collection (gross), 

Rents due, 

Prem's more than three mos. due, $105 56 
Gross assets, f 

Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc , 
State and local taxes, 
Commissions and brokerage, . 
Return premium and reinsurance, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, . 



31, 1896 

$127,000 00 

129,325 00 

351,035 00 

704 36 

27,889 18 

38,855 33 

1,280 00 



$7,235 00 

11,172 00 

1,478 00 

208,742 72 

577 22 

1,578 88 

2,820 18 

1,418 71 

945 48 



$676,088 87 



235,968 19 

$440,120 68 
300,000 00 

$140,120 68 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 



$43,559 46 
347,207 45 

,766 91 
38,829 11 

551,937 80 
58,685 07 



,252 73 



* Value of lands mortgaged, $137,100 00 

Value of buildings thereou, . . . . . . 203,600 00 

Amount of insurance held as collateral, .... 149,150 00 

t Including $45,000 special reserve fund held under Rhode Island law. 



194 



EQUITABLE FIRE AND MARINE INSURANCE CO. 



Marine premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, . . 
Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 



Gross cash income, 



$103 46 
1,850 57 



$1,954 03 
131 78 


$1,822 25 
77 42 



sources, . 



$1,744 83 
6,826 69 

16,579 80 
7,100 05 

$325,504 10 



Expenditures. 

Cash jDaid for fire losses, . ... 

Deduet salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for betterment and repairs, 
for all other expenditures, 

Gross cash expenditures, .... 



$118,317 67 
6,256 51 

$221 21 
95 02 



$112,061 16 



126 19 

18,000 00 
55,438 56 
25,105 27 
11,061 61 
4,944 62 
20,799 31 

$247,536 72 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



,456,870 00 
29,248,889 00 

$62,705,759 00 
26,444,793 00 

$36,260,966 00 
1,447,657 00 



Premiums. 

$387,694 04 
347,207 45 

$734,901 49 
313,556 24 

$421,345 25 
17,511 92 



$34,813,309 00 


$403,833 33 


$32,337 00 


$798 15 


364,058 00 


1,850 57 



$396,395 00 
373,334 00 



$23,061 00 



$2,648 72 
1,915 53 

$733 19 



EMPIRE CITY FIRE INSURANCE CO. 



195 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



;5,574,774 00 

3,545,520 00 

114,303 00 

141 00 

578,000 00 

18,000 00 

71,750 00 



"EMPIRE CITY FIRE INSURANCE COMPANY," NEW YORK, N.Y. 

[Incorporated October, 1850. Commenced business October 5, 1850.] 

Faid-up Capital, $200,000. 

LINDLEY MURRAY, Jr., President. DAVID J. BURTIS, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, . ' . . . . $206,000 00 

New York City bonds, 40,000 00 

Erie Railway bonds, 5,000 00 

Underwriters 1 Salvage Co , . . . 500 00 



Market Value. 

$227,500 00 

40,000 00 

5,000 00 



$251,500 00 $272,500 00 



Summary of Assets Dec. 31, 1896. 



Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, . . 



$5,500 00 

137 50 

272,500 00 

237 65 

30,871 86 

2,238 33 

11,658 87 



$323,144 21 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral. 



$11,600 00 

50,706 09 

1,748 85 

9 38 



64,064 32 

$259,079 89 
200,000 00 

$59,079 89 



$5,000 00 

10,000 00 

5,000 00 



196 



EMPIRE CITY FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $ 9,982 40 

Premiums on risks written or renewed, . 101,218 74 

Total, ....... $111,201 14 

Premiums now in course of collection, . . 11,658 87 

Entire premiums collected, .... $99,542 27 
Less reinsurance and return premiums, . . 20,825 30 

Net cash fire premiums received, . . . 

Interest received on mortgages, ...... 

Interest and dividends received from all other sources, . 

Gross cash income, ........ 



$78,716 97 


275 


00 


10,035 


51 



,027 48 



Expenditures. 
Cash paid for fire losses, . 
Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, .... 



$35,989 56 



$35,989 56 

12,000 00 

10,624 38 

10,220 10 

169 48 

6,031 45 

$75,034 97 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



Miscellaneous 



$12,113,887 00 
11,095,220 00 



Premiums. 

$114,739 76 
101,218 74 



^23,209,107 00 $215,958 50 
11,750,877 00 111,002 15 



.1,458,230 00 $104,956 35 
149,920 00 850 22 



$11,308,310 00 $104,106 13 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



53,312,401 00 

1,557,774 00 

32,599 00 

879,000 00 

12,000 00 

42,300 00 



FARRAGUT FIRE INSURANCE CO. 



197 



"FARRAGUT FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated Jan. 29, 1872. Commenced business Jan. 30, 1872.] 

Paid-up Capital, $200,000. 

JOHN E. LEFFINGWELL, President. SAMUEL DARBEE, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $5,000 00 $6,000 00 

District of Columbia bonds 105,000 00 117,075 00 

New York, Ontario & Western R.R. bonds, . 20,000 00 21,700 00 

Fourth National Bank stock, .... 10,000 00 17,500 00 

New York Produce Exchange Bank stock, . 9,700 00 11,640 00 

Clinton Bank stock, 6,000 00 5,400 00 

Long Island Loan and Trust Company, . . 25,000 00 53,750 00 

Brooklyn Union Gas Company bonds, . . 6,000 00 6,330 00 

Brooklyn Union Gas Company stock, . . 2,300 00 2,001 00 



$189,000 00 $241,396 00 



Securities held as collateral for cash loans : — 



Stock Quotation Telegraph Co. bonds, 
N. Y., Ontario & Western R.R. Co. bonds, 
N. Y. Produce Exchange Bank stock, 
Cooke & Cobb Company stock, 
Manhattan Railway Company stock, 
Bedford Bank stock, 



Market Value. 

$9,000 00 

3,285 00 

1,080 00 

4,000 00 

4,450 00 

2,100 00 



Loaned Thereon. 

$6,000 00 
2,000 00 

500 00 
2,000 00 
1,500 00 

700 00 



$23,915 00 $12,700 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, 

Cash deposited in bank, . 

Interest due and accrued, 

Premiums in course of collection (gross), 

Rents, 

Reinsurance on losses, 

Ofiice furniture, . . . . $2,000 00 

Prem's more than three mos. due, . 14 24 

Gross assets, 



31, 1896. 

$6,000 00 

15,930 00 

- 248 04 

241,396 00 

12,700 00 

1,578 82 

15,115 54 

171 17 

20,379 29 

226 26 

719 51 



$314,464 63 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$20,750 00 
13,000 00 
12,000 00 



198 



FARRAGUT FIRE INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . . 



Surplus over capital, 



$944 15 
7,482 22 

$8,426 37 
1,600 00 

$6,826 37 

59,572 29 

250 00 

600 00 

2,434 26 

198 21 

5,966 06 



$75,847 19 

$238,617 44 
200,000 00 



,617 44 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, . 

Net collected, .... 
Premiums on risks written or renewed, 



Total, 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 



Gross cash income, 



$27,064 00 
2,448 68 

$24,615 32 
150,968 55 

$175,583 87 
20,393 53 

$155,190 34 
37,434 44 



other sources, . 



$117,755 90 

701 91 

9,453 06 

354 20 

$128,265 07 



Expenditures. 
Cash paid for fire losses, . . . . ■ . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, .... 



$61,638 90 
6,550 19 



$55,088 71 

12,000 00 

22,854 08 

17,440 00 

3,224 02 

8,926 02 

$119,532 83 



FIRE ASSOCIATION OF PHILADELPHIA. 



199 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



. $17,399,594 00 
. 13,275,443 00 



),675,037 00 

. 15,459,330 00 

.|15,215,707 00 

. 5,321,121 00 



Premiums. 



1175,086 29 
150,968 55 



,051 84 
172,270 32 



[53,784 52 
34,644 84 



1,894,586 00 $119,139 68 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . . . . 



>3,696,416 00 

1,831,819 00 

51,384 00 

528,000 00 

12,000 00 

72,150 00 



"FIRE ASSOCIATION OF PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated March 27, 1820. Commenced business Sept. 1, 1817.] 

Paid-up Capital, $500,000. 

E. C IRVIN, President. BENJAMIN T. HERKNESS, Secretary. 



Detailed Statement of Stocks and Bonds. 



City of Camden bonds, .... 

City of Richmond certificates, . 

City of Cincinnati bonds, .... 

City of Tacoma water and light bonds, . 

City of Portland, Or., new city hall gold bonds 

City of Richmond certificates, . 

City of Petersburg, Va., bonds, 

Atlantic City, N". J., city water works bonds, 

State of Georgia bonds, .... 

Northern Central Railroad Co. bonds, 

Catawissa Railroad Co. bonds, . 

Lehigh Valley Railroad bonds, 

Shamokin Valley & Pottsville Railroad bonds 

Philadelphia & Erie Railroad bonds, 

Belt Railroad and Stock Yards bonds, 



Par Value. 

$1,500 00 
25,000 00 

125,000 00 
40,000 00 
15,000 00 
65,600 00 
50,000 00 
25,000 00 
25,000 00 

168,000 00 
10,000 00 

132,000 00 
20,000 00 

100,000 00 
50,000 00 



Market Value. 

$1,770 00 
28,750 00 

150,625 00 
42,000 00 
16,950 00 
65,288 00 
53,500 00 
27,445 00 
26,500 00 

193,200 00 
10,900 00 

156,100 00 
22,200 00 

119,500 00 
59,000 00 



200 



FIRE ASSOCIATION OF PHILADELPHIA. 



Louisville and Nashville Railroad bonds, 
Texas and Pacific Railroad bonds, . 
Camden & Atlantic Railroad bonds, 
Pennsylvania Railroad bonds, ; 
Cincinnati, Hamilton & Dayton R.R. bonds, 
Cincinnati, Dayton & Ironton Railroad bonds, 
Chicago, Rock Island & Pacific R.R. bonds, 
Northern Pacific Railroad bonds, 
Philadelphia & Reading Railroad bonds, . 
Central Car Trust Company bonds, 
Ohio River Railroad Co bonds, 
Centralia & Chester Railroad bonds, 
Chicago & Erie Railroad Co. bonds, 
Lynn & Boston Railroad Co. bonds, 
Lehigh Valley Coal Co. bonds, 
Port of Portland, Oregon, bonds, 
Pennsylvania & New York Canal bonds, 
Lehigh Coal & Navigation Co. bonds, 
Evansville & Terre Haute Railroad bonds, 
Newark Passenger Railway Co. bonds, . 
Lehigh Valley Railroad bonds, 
Terminal Railroad Asso., St. Louis, bonds, 
Philadelphia City Passenger Railway bonds, 
Allentown & Bethlehem Rap. Trail. Co. bonds 
Cleveland Electric R.R. Co. bonds, . 
Lehigh Coal & Navigation Co. bonds, 
Wisconsin Central Co.'s receiver's certificates, 
1,230 shares Pennsylvania R.R. Co. stock, 
331 " Phila,Germant'n&Norrist'nR.R 
70 " Chestnut Hill Railroad Co. stock 
20 " Philadelphia Bourse, . 
5 " Underwriters 1 Salvage Co., . 
125 " Centralia & Chester R.R. Co., 
256 " Company's own stock, $88,320 00 



Par Value. 

$81,000 00 
13,000 00 
30,000 00 

108,000 00 
20,000 00 
25,000 00 
25,000 00 
25,000 00 
20,000 00 
18,000 00 
25,000 00 
50,000 00 
35,000 00 
25,000 00 
15,000 00 
39,000 00 
1,000 00 

100,000 00 
50,000 00 
22,000 00 
75,000 00 
75,000 00 
50,000 00 
56,000 00 
30,000 00 
50,000 00 
10,000 00 
61,500 00 
16,550 00 
3,500 00 
1,000 00 
500 00 
12,500 00 



Market Value. 

$93,960 00 
13,910 00 
32,250 00 

136,560 00 
20,000 00 
25,000 00 
26,125 00 
29,125 00 
16,300 00 
18,000 00 
25,250 00 
45,000 00 
38,325 00 
25,750 00 
14,512 50 
44,460 00 
1,180 00 

129,000 00 

40,000 00 

23,705 00 

75,000 00 

79,125 00 

53,500 00 

59,920 00 

30,900 00 

51,250 00 

10,000 00 

63,652 50 

41,375 00 

4,200 00 

200 00 

500 00 

3,125 00 



$2,020,650 00 |2,244,888 00 



Securities held as collateral for cash loans : — 

Market Value. 

Portland University bonds, . . . $18,720 00 

Equitable Life Insurance Society policies, . 6,724 75 ? 

Trust deed for property in Cook County, 111., . 25,000 00 S 

Electric and People's Traction Co. certificates, 26,600 00 ^ 

449 shares Union Traction Co., . . . 4,265 50 

Reading Traction Co. bonds, .... 17,000 00 

20 shares Metropolitan Traction Co., . . 2,180 00 

50 " Baltimore Traction Co , . . . 850 00 

8 " Frankf'd&SouthwarkPass.R'yCo., 2,664 00 J 



Loaned Thereon. 

$10,000 00 
10,000 00 



j» 43,000 00 



FIRE ASSOCIATION OF PHILADELPHIA. 



201 



100 shares Lehigh Coal & Navigation Co , 
100 " Columbus Street Railway Co., 
200 " Flat Top Coal Land Association, 
Fort Worth & Rio Grande bonds, 

Ohio River bonds, 

Richmond Electric Railroad bonds, . 
Mortgages assigned, .... 

Richmond Railroad & Electric Co. bonds, 

60 shares Commonwealth L. T. & T. Co., 
Ohio River Railroad bonds, 
Fort Worth & Rio Grande bonds, 
100 shares Lehigh Coal & Navigation Co., 
200 " Flat Top Coal Land Asso., 
100 " Catawissa Railroad, 
Crosstown Street Railroad Co. bonds, 
100 shares Flat Top Coal Land Asso., 
900 " Philadelphia Traction Co., 

50 " Catawissa Railroad Co., . 
333 " Merchants 1 National Bank, . 
250 " Camden Iron Works, 

37 " United New Jersey Railroad, . 
100 " Diamond State Iron Co., 
176 " Pennsylvania Railroad Co., . 
Pennsylvania Railroad bonds, . 
North Penn. Railroad bonds, . 
Loaned on company's own stock, $3,750 00 



Market Value. 

$4,100 00] 
4,300 00 I 
10,000 00 \ 
4,700 00 | 
6,720 00 J 
27,900 00 
28,600 00 
22,500 00 
4,020 00 
8,400 00 | 
4,230 00 ' 
4,100 00 
3,000 00 j 
4,800 00 
8,100 00 ) 
5,000 00 S 
60,300 00 
2,400 00 
33,300 00^ 
12,500 00 
8,843 00 
7,500 00 } 
9,064 00 
2,630 00 
1,220 00 



Loaned Thereon. 

$25,000 00 

24,800 00 

27,500 00 

20,000 00 

3,000 00 

I 
I 
J> 15,000 00 

1,300 00 
10,000 00 

50,000 00 
1,500 00 



55,000 00 



$392,231 25 |296,100 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $208,800 00 

Loans on mortgage of real estate (first liens *), 2,133,221 51 

Interest due or accrued thereon, . . . 56,108 15 

Stocks and bonds, as per schedule, . . . 2,244,888 00 

Loans on collateral security, as per schedule, . 296,100 00 

Cash in the office of the company, . . . 6,411 97 

Cash deposited in bank, . . . . . 154,464 94 

Interest due and accrued, 12,547 29 

Premiums in course of collection (gross), . 708,206 55 

Rents, 1,648 00 

Reinsurance on losses, 8,657 83 

Gross assets, . . . . . 

Deduct special deposits in other States, . . 



),83 1,054 24 
110,530 00 



Balance, $5,720,524 24 

* Value of lands mortgaged, . . . . . $2,897,519 00 

Value of buildings thereon, ....... 2,436,940 00 

Amount of insurance held as collateral, .... 1,957,615 00 



202 



FIRE ASSOCIATION OF PHILADELPHIA. 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks 

Reclaimable on perpetual fire policies, 

State and local taxes, 

Commissions and brokerage, 

Return premiums, 

Reinsurance disallowed, . 

Reinsurance, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$102,599 23 

119,469 39 

30,277 74 

$252,346 36 
23,026 99 

|229,319 37 

1,956,133 66 

1,934,352 36 

14,944 14 

115,551 97 

67,416 50 

2,009 27 

105,442 79 

£4,425,170 06 
44,552 72 



$4,380,617 34 



Surplus as regards policy holders, . 
Paid-up capita], . 



Surplus over capital, 



. $1,339,906 90 
500,000 00 



$839,906 90 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Income from commissions, 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



$516,384 24 
3,348,147 51 

£3,864,531 75 
708,206 55 

£3,156,325 20 
563,180 94 



sources, 



,445 40 



>,593,144 26 

106,285 40 

142,532 41 

3,976 70 

1,160 00 



!,847,098 77 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 



$1,554,070 71 
69,822 21 



L,484,248 50 



THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 203 



Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for interest, 

for incidentals, 



Gross cash expenditures, 



1200,000 00 

585,560 02 

337,484 07 

67,670 11 

3,757 06 

444 57 

2,679,164 33 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1895, . $354,443,097 00 $3,756,154 16 
Fire risks written during 1896, . . 269,894,896 00 3,283,208 18 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



1624,337,993 00 $7,039,362 34 
252,434,261 00 3,024,677 73 



$371,903,732 00 $4,014,684 61 
16,957,733 00 190,742 76 



$354,945,999 00 $3,823,941 85 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (40 per cent.), 
Company's stock owned by directors, .... 



$41,348,017 00 

23,520,105 00 

1,404,485 00 

5,179,762 00 

200,000 00 

40,250 00 



"THE FIRE INSURANCE COMPANY OF THE COUNTY OF 
PHILADELPHIA," PHILADELPHIA, PA. 

[Incorporated May 31, 1832. Commenced business April 19, 1833.] 

Paid-up Capital, $400,000. 

CHARLES R. PECK, President. E. A. LAW, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Jersey City bonds, f 9,000 00 $9,180 00 

Lehigh Valley R.R. bonds, . . - . . 13,000 00 15,470 00 

Delaware and Bound Brook R.R. bonds, . . 24,000 00 28,800 00 

Catawissa R.R. Co. bonds, .... 4,000 00 4,360 00 

Pennsylvania Company bonds, . . . 1,000 00 1,040 00 

Pennsylvania & N. Y. Canal and R.R. bonds, . 6,000 00 7,260 00 



204 THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 



11 shares Elmira & Williamsport R.R., . 
Pittsburgh, Cincinnati & St. Louis R'y bonds, 
New York Car Trust bonds, 
United New Jersey R.R. and Canal Co. bonds 
Philadelphia & Erie R.R. bonds, 
Pennsylvania R.R. bonds, 
Junction R.R. Co. bonds, . . . . 
Camden & Atlantic R.R. bonds, 
Belvidere Delaware R.R. bonds, 
Connecting Railway bonds, 
264 shares Phila., Germant'n & Norrist'n R.R. 
City of Camden bonds, .... 
Pennsylvania R.R. bonds, 
150 shares United Companies of New Jersey 
205 " Germantown Passenger R'y Co., 
Schuylkill River East Side R.R. bonds, . 
Pennsylvania Steel Co. bonds, . 
Baltimore & Ohio Equipment Asso. bonds, 
100 shares 2d and 3d St. Passenger R'y Co., 
Pennsylvania & Northwestern R.R. bonds, 
220 shares Pennsylvania R.R. Co., . 
Lehigh Valley Railway bonds, . 
69 shares N'l B'k of the No'n Liberties, Phila 
Lehigh Valley R.R. bonds, 
100 shares Solicitors' Loan and Trust Co., 
104 shares North Pennsylvania R.R. Co., . 
Phila. City Pass. Railway Co. bonds, 
Lombard and South St. Pass. R'y Co. bonds, 
20 shares 13th and 15th Sts. Pass. R'y Co., 
Newark Pass. R'y Co. bonds, . 
28 shares Bank of North America, Phila., 
10 shares First National Bank of Phila., . 
Huntingdon & Broad Top Car Trust Fund, 
Northern Central R'y Co. bonds, 
50 shares Frankf'd&Southw'kP.C.P.R.R.Co 
164 " Union Traction Co., Phila., . • 
Electric and People's Traction Trust ctfs., 



Par Value. 

$550 00 

20,000 00 

1,000 00 

20,000 00 

10,000 00 

11,000 00 

7,000 00 

4,000 00 

1,000 00 

3,000 00 

13,200 00 

1,000 00 

6,000 00 

15,000 00 

10,250 00 

15,000 00 

15,000 00 

12,000 00 

5,000 00 

10,000 00 

11,000 00 

25,000 00 

3,450 00 

15,000 00 

5,000 00 

5,200 00 

3,000 00 

3,000 00 

1,000 00 

5,000 00 

2,800 00 

1,000 00 

5,000 00 

10,000 00 

2,500 00 

1,640 00 

25,000 00 



Market Value. 

S473 00 

21,900 00 

1,000 00 

21,400 00 

11,800 00 

14,500 00 

7,490 00 

4,180 00 

1,060 00 

3,330 00 

33,000 00 

1,140 00 

7,080 00 

35,700 00 

25,625 00 

15,450 00 

15,000 00 

12,000 00 

22,600 00 

10,250 00 

11,385 00 

25,250 00 

9,315 00 

18,562 50 

1,500 00 

8,684 00 

3,210 00 

3,000 00 

4,750 00 

5,350 00- 

7,028 00 

2,050 00 

5,000 00 

11,300 00 

16,650 00 

1,599 00 

17,562 50 



$361,590 00 $483,284 00 



Securities held as collateral for cash loans 

100 shares Union Passenger R'y Co., 
1,000 " Union Traction Co., . 
21 " Union Passenger R'y Co., 
8 " Girard F. & M. Insurance Co., 



Market Value. Loaned Thereon. 



$21,000 00 
9,750 00 
4,410 00 
2,440 00 



$15,000 00 
7,000 00 
2,200 00 
1,800 00 



$37,600 00 $26,000 00 



THE FIRE INSURANCE CO., COUNTY OF PHILADELPHIA. 205 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Rents, . 

Perpetual deposits in other companies, . 
Gross assets, 



, 1896. 

$79,040 00 

230,150 00 

3,143 75 

483,284 00 

26,000 00 

368 32 

28,762 38 

65 44 

15,256 16 

196 66 

5,239 26 



$871,505 97 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 

Income 

Fire premiums outstanding Dec. 31, 1895 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from all other sources, 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



$1,633 45 

7,665 00 

583 00 

$9,881 45 

2,265 75 

$7,615 70 

75,927 44 

229,017 13 

3,384 30 

10,166 50 



$14,298 93 
154,607 81 

$168,906 74 
15,256 16 

$153,650 58 
36,033 40 



sources, 



326,111 07 

$545,394 90 
400,000 00 

$145,394 90 



1,261 50 



$117,617 18 

9,740 58 

27,813 77 

2,075 62 

$157,247 15 



* Value of mortgaged premises, 



$424,250 00 



206 



FIREMAN S FUND INSURANCE CO. 



Expenditures. 
Cash paid for fire losses, . . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 
Deposits returned on perpetual fire risks, 

Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$82,427 10 




5,831 04 






$76,596 06 




. 


24,000 00 


. 


24,746 38 


ees, . 


10,811 22 


. 


5,359 15 


. 


9,060 65 


$12,381 80 




. 


$150,573 46 


JMS. 


Premiums. 


.$15,293,301 00 


$178,742 44 


. 13,871,040 00 


154,607 81 



.$29,164,341 00 
. 14,075,836 00 



.$15,088,505 00 
. 1,894,600 00 

.$13,193,905 00 



Perpetual risks in force (not incl'd above), . $10,484,167 00 



$333,350 25 
162,416 53 

$170,933 72 
19,071 32 

$151,862 40 
$252,888 27 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . 



12,672,726 00 

1,727,700 00 

66,987 00 

684,408 00 

24,000 00 

70,100 00 



"FIREMAN'S FUND INSURANCE COMPANY," SAN FRANCISCO, 

CAL. 

[Incorporated May 3, 1883. Commenced business June 18, 1863.] 

Paid-up Capital, $1,000,000. 

D. J. STAPLES, President. BERNARD FAYMONVILLE, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

. $105,000 00 f 124,425 00 

100,000 00 106,000 00 

15,000 00 17,100 00 



Omnibus Cable Railway Co. bonds, 
Market Street Railway Co. bonds, 
Powell Street Railway Co. bonds, 



fireman's FUND INSURANCE CO. 



207 



Sutter Street Railway Co. bonds, 

Presidio & Ferries R.R. Co. bonds, . 

San Francisco & North Pacific Railway bonds 

United States bonds, 

Oakland Gas, Light and Heat Co. bonds, 

Stockton Gas and Electric Co. bonds, 

San Diego Gas and Electric Light Co. bonds, 

Riverside Water Co. bonds, 

Baker City, Or., water bonds, . 

Pacific Rolling Mills bonds, 

Baker City, Or., school bonds, . 

Palo Alto, Cal., school district bonds, 

San Pascual, Cal., school district bonds, . 

Olympic Club bonds, .... 

Los Angeles Lighting Co. bonds, 

Marin County water bonds, 

Independence City, Or., bonds, 

2,986 shares Home Mutual Insurance Co., 
110 " Bank of California stock, 
187 " First National Bank, S. F., stock 
100 " Anglo-California Bank stock, 
450 " Oakland Bank of Savings stock, 
300 " California Safe Dep. & Trust Co. 
340 " Sather Banking Co., . 

1,000 " California Street Cable R.R. Co. 
440 " Sutter Street R.R. Co., . 
200 " Market Street Railway Co., . 
100 " San Fran . & San Joaquin Val . R.R 
650 " Oakland Gas, Light and Heat Co., 
200 " San Francisco Gaslight Co., 
200 " Pacific Gas Improvement Co., 
450 " Spring Valley Water Co., 
656 " California Dry Dock Co., 
500 " Pacific Rolling Mills stock, . 
786 " Stockton Gas and Electric Co., 
450 " San Fran'co & S Joaquin C'l Co., 
100 " Oakland Loan and Building Ass'n, 



Par Value. 

$50,000 00 

37,000 00 

20,000 00 

25,000 00 

50,000 00 

32,000 00 

20,000 00 

20,000 00 

17,000 00 

13,000 00 

20,000 00 

15,000 00 

6,250 00 

5,000 00 

5,000 00 

5,000 00 

3,000 00 

298,600 00 

11,000 00 

18,700 00 

5,000 00 

22,500 00 

30,000 00 

34,000 00 

100,000 00 

44,000 00 

20,000 00 

10,000 00 

42,900 00 

30,000 00 

20,000 00 

45,000 00 

65,600 00 

50,000 00 

23,580 00 

15,000 00 

3,600 00 



Market Value. 

155,000 00 

37,000 00 

20,000 00 

29,875 00 

53,500 00 

32,480 00 

20,000 00 

20,000 00 

17,850 00 

13,325 00 

21,000 00 

15,600 00 

6,250 00 

5,000 00 

5,050 00 

5,100 00 

3,000 00 

600,000 00 

26,180 00 

34,595 00 

6,000 00 

29,250 00 

32,400 00 

25,500 00 

108,000 00 

44,000 00 

8,600 00 

10,000 00 

34,775 00 

19,500 00 

18,000 00 

43,875 00 

24,600 00 

11,250 00 

11,790 00 

15,000 00 

3,600 00 



.,452,730 00 $1,714,470 00 



Securities held as collateral for cash loans : — 



50 shares Eagle Canning Company, 
500 " Southern Pacific Milling Co., 
200 " Bank of Sonoma County, 
18 " California Street Cable R.R. Co., 
68 " Pacific Gas Improvement Co., 
100 " Pacific Tele'h and Telephone Co., 



Market Value. Loaned Thereon. 



$1,500 00 

37,500 00 

22,000 00 

1,944 00 

6,120 00 

4,800 00 



$801 65 
15,000 do 
15,000 00 

5,000 00 



208 



FIREMAN S FUND INSURANCE CO. 



City of Albany, Linn County (Or.), bonds, 
School Dist No. 1, Clackamas Co. (Or.), bonds, 

390 shares Bank of Sonoma County, 
1,500 " S. F. & North Pacific R'y Co., 

700 " California Safe Dep. & Trust Co. 
2,500 " S. F. and San Joaquin Coal Co., 

333 " Palace Hardware Co , . 

150 " California Safe Dep. & Trust Co. 
7 " Spring Valley Water Co., . 

200 " Alaska Packers' Association, 

400 " Sutter Street Railway Co., . 

403 " California Dry Dock Co., . 



Market Value. 

$20,000 00 
5,500 00 
42,900 00 
15,000 00 
75,600 00 
83,333 33 
10,000 00 
16,200 00 
682 50 
20,000 00 
40,000 00 
15,112 50 



Loaned Thereon. 

$1,960 90 

34,000 00 
7,500 00 

74,000 00 

5,000 00 

10,000 00 

500 00 

10,000 00 

24,500 00 

7,500 00 



1418,192 33 $210,762 55 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Interest clue and accrued, .... 
Premiums in course of collection (gross) , 
Bills receivable, not matured, taken for marine 

and inland risks, 

Due for reinsurance on losses, . 

Gross assets, 

Deduct special deposits in other States, . 



$411,700 00 

488,173 59 

11,795 39 

1,714,470 00 

210,762 55 

261,361 25 

5,850 53 

359,750 84 

42,090 14 
21,699 51 



$3,527,653 80 
79,875 00 



Balance, $3,447,778 80 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reinsurance disallowed, .... 
Commissions and brokerage, . 



,101 95 
103,914 42 
7,035 10 

$124,051 47 
27,902 23 

|96,149 24 

1,215,988 23 

102,397 76 

27,960 45 



* Value of lands mortgaged, $1,031,500 00 

Value of buildings thereon, 288,300 00 

Amount of insurance held as collateral, .... 185,250 00 



fireman's FUND INSURANCE CO. 



209 



Voluntary reserve to offset cut rates in Cal , 
Marine bills payable, 
Agents 1 credit balances, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$75,000 00 
2,808 89 
5,020 58 

$1,525,325 15 
46,107 50 



,479,217 65 



51,968,561 15 
1,000,000 00 

,561 15 



$64,513 96 
436,338 94 

$500,852 90 
78,6C6 55 

$422,246 35 
192,563 46 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $345,478 19 
Premiums on risks written or renewed, . . 1,892,589 62 

Total, $2,238,067 81 

Premiums now in course of collection, . . 323,234 43 

Entire premiums collected, .... $1,914,833 38 

Less reinsurance and return premiums, . . 516,752 37 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31,1895, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Income from rents, 

Gross cash income, . . . 



Expenditures 

Cash paid for fire losses, , . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and emjDloyees, 
for State and local taxes, 
for all other payments, . 



Gross cash expenditures,- 



$1,398,081 01 



229,682 89 
22,855 07 

108,536 61 
19,491 69 

. $1,778,617 27 



,737 89 

101,463 46 

$210,491 10 

65,762 54 



$785,274 43 



144,728 56 

120,000 00 

237,911 07 

189,724 19 

36,659 88 

161,642 72 

,675,940 b5 



210 



THE FIREMEN'S INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



$210,947,444 00 

157,557,366 00 

$368,504,810 00 

157,439,611 00 

$211,065,199 00 

20,847,546 00 



Premiums. 

$2,514,756 60 

1,892,589 62 

$4,407,346 22 

1,898,486 12 

$2,508,860 10 

267,090 81 



$ 190,217,653 00 $2,241,769 29 



. $3,897,555 00 
. 44,180,858 00 



.$48,078,413 00 
. 42,109,228 00 



.5,969,185 00 
1,554,009 00 



f 155,162 54 
436,338 94 

$591,501 48 
417,498 71 

$174,002 77 
54,612 28 



Net amount in force, . 



t,415,176 00 $119,390 49 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company^ stock owned by directors, .... 



$30,108,871 00 
15,300,427 00 
744,181 00 
156,479 00 
2,656,060 00 
120,000 00 
136,900 00 



"THE FIREMEN'S INSURANCE COMPANY OF BALTIMORE," 

BALTIMORE, MD. 

[Incorporated December, 1825. Commenced business Aug. 2, 1826.] 



Paid up Capital, $378,000. 



F. E. S. WOLFE, President. 



HARRY L. RIALL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $50,000 00 $60,250 00 

Maryland State bonds, 30,000 00 31,800 00 

Virginia State bonds, 21,550 00 2,155 00 

Baltimore city bonds, 160,000 00 168,450 00 



THE FIREMEN'S INSURANCE CO. 



211 



400 shares 


100 


it 


160 


u 


810 


u 


200 


(C 


100 


(( 


4 


K 


400 


« 


300 


a 


100 


a 


49 


(( 


900 


u 


Columbus 


Sioux 


City 


500 shares 


200 


t( 


100 


it 



Nat'l Farmers' & Planters' Bank, 
Merchants' National Bank, 
National Bank of Baltimore, 
National Mechanics' Bank, 
Farmers' & Merchants' Natl Bank 
People's Bank, 
Equitable National Bank, 
National Marine Bank, . 
Western National Bank, . 
First National Bank, 
Second .National Bank, . 
Citizens' National Bank, 
& Cincinnati Railroad bonds, 
Term. R.R. & VVhse. Co. stock, 
Baltimore City Pass. Railway, 
Central Railway Company, 
Mercantile Trust & Deposit Co., 



Par Value. 

$10,000 00 

10,000 00 

16,000 00 

8,100 00 

8,000 00 

2,000 00 

400 00 

12,000 00 

6,000 00 

10,000 00 

4,900 00 

9,000 00 

5,000 00 

10,000 00 

12,500 00 

10,000 00 

5,000 00 



Market Value. 

$18,400 00 
14,600 00 
23,040 00 
14,985 00 
12,400 00 

1,900 00 

380 00 

16,000 00 

12,000 00 

12,700 00 

9,555 00 
19,800 00 

3,500 00 

8,000 00 
31,500 00 
15,000 00 
13,500 00 



$400,450 00 $489,915 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Office furniture, etc , . . . $5,198 36 
Prem's more than three mos. due, . 1,592 81 
Gross assets, 



^146,875 00 

489,915 00 

16,655 30 

16,308 45 

6,086 16 

21,965 51 

907 82 



$698,713 24 



Liabilities. 

Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders, unpaid, . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 



$7,161 04 

11,472 83 

186,655 74 

1,366 74 

4,992 22 

3,358 61 

10,764 55 



225,771 73 

$472,941 51 
378,000 00 



Surplus over capital, 



,941 51 



212 



THE FIREMEN S INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $25,200 66 
Premiums on risks written or renewed, . . 361,796 32 

Total, 1386,996 98 

Premiums now in course of collection, . . 23,578 32 

Entire premiums collected, .... $363,418 66 
Less reinsurance and return premiums, . . 95,580 30 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Income from rents, 



Gross cash income, 



$267,838 36 

18,415 00 

6,761 53 

$293,014 89 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, .... 



$157,144 97 
9,401 11 



$147,743 86 
30,904 92 
60,783 81 
17,506 00 
13,740 41 
14,848 83 

$285,527 83 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

. $32,669,958 00 f 333,552 26 
. 37,622,688 00 361,796 32 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.$70,292,646 00 $695,348 58 
. 30,311,165 00 302,428 94 



.$39,981,481 00 $392,919 64 
. 3,416,728 00 37,273 79 



.$36,564,753 00 $355,645 85 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



\7 ,570,150 00 

3,890,002 00 

128,336 00 

3,370,129 00 

30,240 00 

49,230 00 



firemen's INSURANCE CO. 



213 



"FIREMEN'S INSURANCE COMPANY OF NEWARK, N. J.," 

NEWARK, N. J. 

[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855.] 
Paid-up Capital, $600,000. 
DANIEL H. DUNHAM, President. A. H. HASSINGER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds $20,000 00 $20,550 00 

Morris & Essex Railroad bonds, . . . 50,000 00 69,500 00 

Orange & Newark Railroad bonds, . . . 40,000 00 44,000 00 

Essex Pass. Railway bonds, .... 24,000 00 26,400 00 

Montclair Gas and Water Company bonds, . 5,000 00 5,000 00 

North Hudson County R'y Co. bonds, . . 25,000 00 25,500 00 

Underwriters' Prot. Asso. bonds, . . . 1,000 00 1,000 00 

Suburban Electric Co., Elizabeth, N. J , bonds, 5,000 00 4,900 00 

Newark Gas Company bonds, .... 50,000 00 62,500 00 

Lehigh Yalley Terminal Railway bonds, . 4,000 00 4,400 00 

Newark city water bonds, .... 25,000 00 26,000 00 

Atlantic City, N. J., water bonds, . . . 22,000 00 24,860 00 

United N. J. Railroad & Canal Co. stock, . 13,900 00 33,082 00 

Delaware, Lack. & Western Railroad stock, . 60,000 00 94,800 00 

Morris & Essex Railroad stock, . . . 70,000 00 113,400 00 

Newark City National Bank stock, . . . 20,000 00 31,000 00 

Second National Bank stock, .... 20,000 00 28,000 00 

National Newark Banking Company stock, . 20,000 00 33,000 00 

National State Bank stock, . . . . 32,500 00 50,375 00 

Essex County National Bank stock, . . 20,000 00 60,000 00 

German National Bank stock, .... 4,200 00 8,400 00 

Manufacturers' National Bank stock, . . 10,000 00 14,400 00 

Newark Fire Insurance Company stock, . . 5,000 00 7,250 00 

Paterson Gas Company stock, . , . . 10,000 00 12,000 00 

Newark Gas Company stock, .... 11,850 00 11,850 00 

People's Light and Power Co. stock, . . 28,125 00 36,562 50 

Newark & Rosendale Lime and Cement Co., . 4,000 00 2,400 00 



,575 00 $851,129 50 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . f 130,203 62 

Loans on mortgage of real estate (first liens *) , 1,086,591 00 

Interest due or accrued thereon, . . . 16,067 96 

Stocks and bonds, as per schedule, . . . 851,129 50 

Cash in the office of the company, . . . 1,707 54 

Cash deposited in bank, 12,907 95 



* Total value of property mortgaged, . 
Amount of insurance held as collateral, 



52,604,125 00 
1,419,725 00 



214 



firemen's INSURANCE CO. 



Interest due and accrued, .... $7,101 00 

Premiums in course of collection (gross), . 41,892 75 

Rents due and accrued, . . . " . . 328 6Q 

Salvage on losses paid, 1,039 35 

Prem 1 s more than three mos. due, $779 41 

Gross assets, 



!,148,969 33 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . . . 

disputed or resisted, 
Net amount of unpaid losses, . 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$365 81 

9,443 20 

4,612 00 

274,411 78 

1,905 00 

500 55 

7,860 69 

4,711 00 

200 52 



Surplus over capital, . 



304,010 55 

.,844,958 78 
600,000 00 

.,244,958 78 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received 'on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 

Income from all other sources, 



Gross cash income, 



Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 



$36,238 51 
607 08 

$35,631 43 
375,543 89 

$411,175 32 
42,672 16 

$368,503 16 
42,043 69 



sources, . 



$140,812 85 
1,116 02 



$326,459 47 

53,086 01 

42,039 32 

9,700 60 

1,255 10 

$432,540 50 



$139,696 83 



FRANKLIN FIRE INSURANCE CO. 



215 



Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

for real estate expenses, . 



Gross cash expenditures, 



$72,000 00 

58,725 67 

21,867 96 

14,354 42 

16,687 49 

952 10 

$324,284 47 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

.$55,923,171 00 $522,951 43 
. 32,767,235 00 375,543 89 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



. $ 88,690,406 00 $898,495 32 
. 32,215,027 00 351,397 91 



.$ 56,475,379 00 f 547,097 41 
. 1,216,198 00 11,147 58 



§55,259,181 00 $535,949 83 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (12 per cent ), 

Company's stock owned by directors, .... 



$7,410,809 00 

3,545,133 00 

126,488 00 

1,614,500 00 

72,000 00 

205,560 00 



"FRANKLIN FIRE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 22, 1829. Commenced business June, 1829.] 

Paid-up Capital, $400,000. 

JAMES W. MCALLISTER, President. EZRA T. CRESSON, Secretary. 



Detailed Statement of Stocks and Bonds. 



City of Springfield, 111., bonds, 

City of Sandusky, O., bonds, . 

10 shares Philadelphia Bourse stock, 

City of Camden, N". J., bonds, . 

Pittsburgh, Chartiers & Youghiogheny R.R., 

Pennsylvania R.R. bonds, 

Shamokin, Sunbury & Lewisburg R.R., . 

Chartiers R'y bonds, 

Delaware River Ferry Co. bonds, . 
Penna. & New York Canal & R.R. bonds, 



Par Value. 

$9,000 00 
45,000 00 
500 00 
40,000 00 
50,000 00 
75,000 00 
10,000 00 
6,000 00 
10,000 00 
50,000 00 



Market Value. 

$9,180 00 
49,500 00 
100 00 
40,000 00 
55,000 00 
87,000 00 
10,200 00 
6,720 00 
10,100 00 
60,500 00 



216 



FRANKLIN FIRE INSURANCE CO. 



Wilmington & Wei don R R. bonds, . 
Jacksonville, Louisville & St. Louis R.R., 
Huntingdon & Broad Top R.R., 
50 shares Independence National Bank, . 
Philadelphia city bonds, .... 
Lehigh Valley R.R. bonds, 
Pennsylvania R.R. bonds, 
Penna. & New York Canal & R.R. bonds, 
Phila., Wilmington & Baltimore R.R., 
Philadelphia & Erie R.R. bonds, 
50 shares First National Bank of Philadelphia 
Belvidere Delaware R.R., 
City of Quincy, 111., bonds, 
100 shares Southwark National Bank, 
Gloucester County, N. J., bonds, 
Northern Pacific Railroad, . . ' . 
Delaware & Bound Brook Railroad bonds, 
Chicago & Western Indiana Railroad bonds, 
Pennsylvania Railroad Trust Loan, . 
Columbus & Cincinnati Midland Railroad, 
125 shares Phila., Wilmington & Bait. R.R., 
Baltimore & Potomac Railroad, 
West Jersey Railroad bonds, . 
Connecting Railroad Co bonds, 
Easton & Amboy Railroad bonds, . 
Elmira & Williamsport Railroad bonds, 
Phila., Wilm. & Balto. R.R. trust certificate, 
New York, Lack & Western Railroad bonds, 
West Jersey Railroad bonds, . 
New York Central Railroad bonds, . 
HarrisbV, Portsm'th, Mt. Joy & Lane. R.R., 
Lehigh Coal and Navigation Co. loan, 
Northern Central Railroad bonds, . 
50 shares Continental Hotel Co. stock, 
Steubenville & Indiana Railroad bonds, . 
Pennsylvania Salt Manufacturing Co. bonds, 
Camden & Atlantic Railroad bonds, 
North Central Railroad bonds, . . 
Philadelphia & Erie Railroad bonds, 
500 shares Mine Hill & Schuylkill Haven R.R. 

25 " Penn. Co. for Ins. on Lives, etc., 
Lehigh Valley Coal Co. bonds, 
Baltimore & Ohio Railroad bonds, . 
Northern Central Railroad bonds, . 
River Front Railroad bonds, 
Camdeu & Atlantic Railroad bonds, 
Borough of Beaver, Pa., bonds, 
Philadelphia & Reading Railroad bonds, 



Par Value. 

$50,000 00 

11,000 00 

29,000 00 

5,000 00 

2,200 00 

31,000 00 

61,000 00 

10,000 00 

28,000 00 

10,000 00 

5,000 00 

21,000 00 

19,000 00 

5,000 00 

7,000 00 

6,000 00 

8,000 00 

9,000 00 

30,000 00 

25,000 00 

6,250 00 

105,000 00 

14,000 00 

20,000 00 

25,000 00 

10,000 00 

25,000 00 

25,000 00 

25,000 00 

25,000 00 

25,000 00 

10,000 00 

15,000 00 

5,000 00 

60,000 00 

47,000 00 

15,000 00 

11,000 00 

10,000 00 

25,000 00 

2,500 00 

20,000 00 

25,000 00 

10,000 00 

16,000 00 

11,000 00 

21,800 00 

50,000 00 



Market Value. 

$51,750 00 

3,300 00 

30,160 00 

6,250 00 

2,332 00 

38,370 00 

80,330 00 

10,800 00 

28,680 00 

10,400 00 

10,000 00 

21,420 00 

19,000 00 

10,000 00 

7,070 00 

6,060 00 

8,320 00 

9,450 00 

32,400 00 

15,000 00 

7,500 00 

126,500 00 

15,120 00 

21,600 00 

26,750 00 

10,500 00 

25,750 00 

33,250 00 

29,500 00 

25,000 00 

26,000 00 

10,200 00 

16,800 00 

7,250 00 

66,000 00 

47,000 00 

17,700 00 

11,880 00 

11,900 00 

27,000 00 

12,000 00 

19,400 00 

25,250 00 

10,800 00 

16,000 00 

11,550 00 

22,890 00 

51,500 00 



FRANKLIN FIRE INSURANCE CO. 



217 



St. Louis, Vandalia & Terre Haute R.R. bonds, 
Pitts., Cincinnati & St. Louis Railroad bonds, 
Northern Central Railway bonds, . 
Philadelphia & Reading Railroad bonds, 
City of Columbus, O., water works bonds, 
Lehigh Valley Railroad Company bonds, 
Girard Point storage bonds, 
Susquehanna Coal Company bonds, 
Borough of Sewickly, Pa., school bonds, . 
City of Dayton, O., bonds, 
Philadelphia & Baltimore Central R.R. bonds, 
Monongahela City, Pa., sewer and street bonds, 
City of Columbus, O., bonds, . 
Jacksonville Southeastern R. W. bonds, . 
Baltimore & Ohio Railroad bonds, . 
Allegheny Valley Railroad bonds, . 
Philadelphia Traction Company bonds, . 
Borough of Sewickly, Pa., water bonds, . 
Borough of Downingtown, Pa., water bonds, 
Lehigh Coal & Navigation Company bonds, 
City of Camden, N. J., bonds, . 
City of Lancaster, Pa., school bonds, 
Penna. & New York Canal & R.R. Co bonds 
Lehigh Valley R.R!. Car Trust, 
Phila. & Reading Coal and Iron Co. bonds, 
Jacksonville, Louisville & St. Louis R.R., 
Wisconsin Central Co.'s receiver's certif., 



Par Value. 

$14,000 00 
70,000 00 
29,000 00 
41,000 00 
25,000 00 
100,000 00 
50,000 00 
15,000 00 
23,500 00 
25,000 00 

1,000 00 
18,000 00 
25,000 00 

4,000 00 
25,000 00 
25,000 00 
36,000 00 

2,000 00 
10,000 00 
50,000 00 

5,000 00 

4,000 00 

8,000 00 
55,000 00 
25,000 00 

2,750 00 
10,000 00 



Market Value. 

114,280 00 

77,000 00 

32,600 00 

49,200 00 

26,000 00 

108,050 00 

44,000 00 

17,700 00 

24,675 00 

28,300 00 

1,050 00 

19,440 00 

25,500 00 

3,000 00 

27,500 00 

31,500 00 

37,080 00 

2,100 00 

10,500 00 

52,000 00 

5,000 00 

4,160 00 

2,850 00 

56,100 00 

26,250 00 

825 00 

10,100 00 



Securities held as collateral for cash loans : — 

Western New York & Penna. R.R. bonds, 

Electric & People's Traction Co., . 

New York, Phila. & Norfolk R.R., . 

Phila & Reading Terminal bonds, . 

300 shares Union Traction Co., 

200 

200 

100 

100 

100 

80 

45 

25 

10 
5 



Lehigh Valley Railroad Co , . 
Phila. & Reading Railroad, 
Northern Pacific Railroad, 
St. Louis Southwestern Railroad, . 
Penna. Heat, Light and Power Co., 
Southern Railway Co., . 
Elmira & Williamsport R.R. Co., . 
Atchison, Topeka & Santa Fe R.R., 
Hestonville Passenger R'y Co., 
Guarantee Trust & Safe Deposit Co., 

McKeesport & Belle Vernon Railroad, . . 

200 shares West End Trust & Safe Deposit Co., 



1,020,500 00 $2,198,742 00 



Market Value. Loaned Thereon. 

$3,240 00 ) 
5,600 00 
1,025 00 
1,100 00 
2,925 00 
6,150 00 
2,650 00 
1,400 00 > 

350 00 
2,500 00 

720 00 
2,925 00 

350 00 

600 00 

902 50 J 
22,500 00 7 0Q 

11,000 00 S 



218 



FRANKLIN FIRE INSURANCE CO. 



Electric & People's Traction Co., 
Newark Passenger Railway Co., 
300 shares Philadelphia Traction Co., 
300 " Union Traction Co., 
200 " Choctaw, Oklahoma & Gulf R.R., 
100 " Lehigh Valley Railroad Co., . 
100 " Texas & Pacific R R. Co , 
100 " St. Louis Southwestern R.R. Co., 
100 " Penna. Heat, Light and Power Co 
Electric & People's Traction Co., 
500 shares United Gas Improvement Co., 
200 " Metropolitan Traction Co., . 
100 " Philadelphia Traction Co., . 
Consolidation Traction Co., N. J., 
425 shares United Gas Improvement Co., 
30 " Metropolitan Traction Co., . 
Mclveesport & Belle Vernon Railroad, . 
100 shares West End Trust & Safe Deposit Co 
500 " Philadelphia Traction Co., 
150 " Record Publishing Co., . 
Record Publishing Co. bonds, . 
New York, Phil a. & Norfolk Railroad, . 
Lehigh Valley Railroad Co. bonds, . 
United Companies of New Jersey bonds, 
57 shares 13th and 15th Sts. Pass. R'y Co., 



Market Value. 

$34,545 00 ^ 

1,077 50 

20,025 00 

2,925 00 

1,500 00 )> 

3,075 00 

850 00 

350 00 

2,500 00 J 

3,500 00 a 

36,000 00 

21,800 00 

6,675 00 J 

830 00 > 

30,600 00 

3,270 00 J 

25,000 00 ) 

5,500 00 \ 

33,375 00 

18,300 00 

15,000 00 

4,100 00 > 

8,615 00 

2,240 00 > 

13,537 50 



Loaned Thereon. 



$50,000 00 



\ 50,000 00 



25,000 00 

25,000 00 

25,000 00 

12,500 00 

10,000 00 

10,000 00 

10,000 00 



1,127 50 $267,500 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, ..... 



$259,000 00 

217,008 00 

3,255 12 

2,198,742 00 

267,500 00 

3,243 68 

89,566 75 

3,636 66 

63,489 85 



1,105,442 06 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



Liabilities. 



$16,080 69 
7,528 06 
6,338 00 

$29,946 75 
2,959 05 

26,987 70 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$712,245 00 
356,833 00 



FRANKLIN FIRE INSURANCE CO. 



219 



Unearned premiums on outstanding risks, 
Reelaimable on perpetual fire policies, . 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$434,793 98 

1,164,621 80 

220 00 

8,691 03 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, . 

Premiums now in course of collection, 

Entire premiums collected, . ... 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from all other sources, 

Deposits received for perpetual fire risks, 



Gross cash income, 






Expenditures. 

Cash paid for fire losses, $271,492 07 

Deduct salvage and reinsurance, . . . 19,992 00 

Net cash paid for fire losses, ... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

for repairs on real estate, 
Deposits returned on perpetual fire risks, . $40,709 21 

Gross cash expenditures, . 

Risks and Premiums. 

Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



$65,222 93 
542,954 33 

$608,177 26 
63,489 85 

$544,687 41 
93,950 27 



sources, . 

$11,496 10 



,635,314 51 

,470,127 55 
400,000 00 

,070,127 55 



$450,737 14 

13,742 16 

118,470 49 

10,365 43 



$593,315 22 



$251,500 07 
100,190 00 
82,305 18 
40,637 45 
20,999 19 
86,550 57 
2,523 53 

$584,705 99 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Perpetual risks in force (notincl'd above), 



Premiums. 

$81,170,323 00 $924,620 49 
47,670,089 00 542,954 33 



$128,840,412 00 $1,467,574 82 
50,103,192 00 581,251 58 



178,737,220 00 
3,462,950 00 



,323 24 
38,675 30 



$75,274,270 00 $847,647 94 
$56,706,473 00 $1,264,688 30 



220 



GERM AN- AMEBIC AN INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), 
Company's stock owned by directors, .... 



130,786,099 00 

16,365,523 00 

236,978 00 

5,484,000 00 

100,000 00 

12,200 00 



GERMAN-AMERICAN INSURANCE COMPANY," NEW YORK, N.Y. 

[Incorporated March, 1872. Commenced business March 7, 1872.] 

Paid-up Capital, $1,000,000. 

EMIL OELBERMANN", President. WM. N. KREMER, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . 

New York City bonds, 

Brooklyn city bonds, 

St. Louis, Mo., bonds, 

Portland, Ore., water bonds, 

Atlanta, Ga , bonds, . 

Nashville, Tenn., water bonds, 

Albany & Susquehanna Railroad bonds, 

Chicago, Rock Island & Pacific R.R. bonds, 

Chicago, Milwaukee & St. Paul R R. bonds, 

Chicago & Northwestern Railroad bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

Central Pacific Railroad bonds, 

Columbus, Hock. Valley & Toledo R.R. bonds 

Columbus & Ninth Avenue R.R. bonds, . 

Cleveland, C. C. & St. Louis R.R. bonds, 

Lexington Avenue & Pavonia Ferry bonds, 

Erie Railroad bonds, . . . - 

Hannibal & St. Joseph Railroad bonds, . 

Little Miami Railroad bonds, . 

Louis. & NaSh and Mobile & Monfy bonds, 

Louisville & Nashville Railroad bonds, . 

Montana Central Railroad bonds, . 

New York, N. H. & H. Railroad certificates, 

Nashville, Chattanooga & St. Louis R.R. bonds 

N. Y., Lackawanna & Western R.R. bonds, 

N. Y , Susquehanna & Western R.R. bonds, 

New York Central Railroad bonds, . 

New York, Chicago & St. Louis R.R. bonds, 



Par Value. 

$926,000 00 

927,784 00 

175,000 00 

100,000 00 

50,000 00 

25,000 00 

25,000 00 

75,000 00 

150,000 00 

120,000 00 

186,000 00 

152,000 00 

45,000 00 

25,000 00 

5,000 00 

50,000 00 

25,000 00 

141,000 00 

25,000 00 

25,000 00 

100,000 00 

24,000 00 

25,000 00 

19,500 00 

25,000 00 

100,000 00 

25,000 00 

100,000 00 

45,000 00 



Market Value. 

$1,070,742 50 

914,617 50 

174,500 00 

107,000 00 

56,500 00 

25,500 00 

25,000 00 

84,562 50 

165,500 00 

137,775 00 

203,660 00 

152,920 00 

44,820 00 

21,875 00 

5,800 00 

46,000 00 

29,000 00 

177,632 50 

29,500 00 

27,500 00 

104,000 00 

27,840 00 

28,125 00 

26,520 00 

24,937 50 

130,000 00 

25,000 00 

105,500 00 

46,575 00 



GERM AN- AMERICAN INSURANCE CO. 



221 



Pennsylvania Company bonds, 
St. Paul, Minn. & Manitoba R.R. bonds, . 
Syracuse, Binghamton & N. Y. R.R. bonds, 
Wabash R.R. bonds, .... 

Allegheny Street Railway bonds, 
Edison Electric Ilium. Co. of N. Y. bonds, 
Minneapolis L. & M. Street Railway bonds, 
Troy (N. Y.) City Railway bonds, . 
Underwriters 1 Pro. Asso. of Newark, N. J., b'ds 
Western Union Telegraph Co. bonds, 
Maryland Steel Company bonds, 
100 shares Albany & Susquehanna R.R., 
400 " Cleve., Cin ., Chic. & St. Louis R.R 
1,000 " Cayuga & Susquehanna R R., 
1,000 " Chic, Milwaukee & St. Paul R.R., 
500 " Chicago & Northwestern R.R., 
200 " De't, Hillsdale & Southw'n R.R., 
1,200 " Morris & Essex R.R., . 
2,633 " New York & Harlem R.R., . 
490 " N. Y., N. H. & Hartford R.R., 
200 " N. Y., Lackawanna & West'n R.R 
2,550 " Pennsylvania R R., 
500 " Rensselaer & Saratoga R.R , 
300 " St. Paul, Minn. & Manitoba, 
100 " American Exchange Nat'l Bank, 
200 " Central National Bank, 
500 " National Bank of Commerce, 
400 " Fourth National Bank, 
221 " German-American Bank, 
1,000 " Consolidated Gas Company, 
300 " New York Mutual Gas Light Co., 
700 " Standard Oil Trust, . 



Par Value. 

$80,000 00 
89,000 00 
30,000 00 
60,000 00 
25,000 00 
50,000 00 
25,000 00 
25,000 00 
1,000 00 
25,000 00 
50,000 00 
10,000 00 
40,000 00 
30,000 00 

100,000 00 
50,000 00 
20,000 00 
60,000 00 

131,650 00 
49,000 00 
20,000 00 

127,500 00 
50,000 00 
30,000 00 
10,000 00 
20,000 00 
50,000 00 
40,000 00 
16,575 00 

100,000 00 
30,000 00 
70,000 00 



Market Value. 

|88,060 00 

100,220 00 
37,050 00 
63,600 00 
25,000 00 
53,625 00 
21,500 00 
26,250 00 
1,000 00 
26,000 00 
42,5C0 00 
17,000 00 
28,800 00 
40,500 00 

130,500 00 
76,000 00 
19,400 00 
98,100 00 

385,734 50 
86,975 00 
23,600 00 

131,325 00 
90,500 00 
33,600 00 
17,100 00 
25,000 00 

100,000 00 
70,000 00 
17,901 00 

140,000 00 
69,000 00 

174,650 00 



$5,231,009 00 ^6,279,393 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per' schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets,* 

Deduct special deposits in other States, . 



$ 15,000 00 
6,279,393 00 

4,835 84 
310,826 21 

7,307 67 
453,060 71 



$7,070,423 43 
124,150 00 



Balance, $6,946,273 43 



* Including $500,000 special reserve fund held under New York law. 



222 



GERMAN- AMERICAN INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums, .... 
Reinsurance, . . . . . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, . . . . 



$61,379 72 

187,032 25 

39,777 40 

$288,189 37 
12,063 00 

$276,126 37 

2,575,233 13 

29,912 86 

89,823 58 

2,784 11 

89,455 16 

$3,063,335 21 
90,321 62 



Surplus over capital, . 



$2,973,013 59 

$3,973,259 84 
1,000,000 00 

$2,973,259 84 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 



$418,702 32 
4,307 83 

$414,394 49 
3,623,289 24 

$4,037,683 73 
453,060 71 



Entire premiums collected, .... $3,584,623 02 
Less reinsurance and return premiums, . . 950,521 87 

Net cash, fire premiums received, . . . $2,634,101 15 

Interest and dividends received from all sources, . . . 276,148 92 
Income from rents, 1,428 75 



Gross cash income, $2,911,678 82 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 



$1,594,700 19 
229,790 99 



$1,364,909 20 



GERMAN FIRE INSURANCE CO. 



223 



Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for general expenses, 

Gross cash expenditures, .... 



#200,000 00 

471,433 23 

172,529 14 

76,223 60 

231,123 09 

$2,516,218 26 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Pkemiums. 

Premiums. 

$541,825,237 00 $5,330,590 36 
369,949,926 00 3,623,289 24 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, . 

Net amount in force, . 



$911,775,163 00 $8,953,879 60 
361,697,153 00 3,681,265 39 



$550,078,010 00 $5,272,614 21 
7,752,111 00 87,725 12 



$542,325,899 00 $5,184,889 09 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, . 



$46,346,573 00 

24,489,256 00 

1,272,304 00 

3,540,000 00 

200,000 00 

244,400 00 



"GERMAN FIRE INSURANCE COMPANY OF THE CITY OF 
PITTSBURGH," PITTSBURGH, PA. 

[Incorporated March 27, 1862. Commenced business July, 1862.] 

Paid-up Capital, $200,000. 
A. E. SUCCOP, President. F. L. GROSS, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Valne. 

First National Bank, Pittsburgh, stock, . . $10,000 00 $17,700 00 

Second National Bank, Pittsburgh, stock, . 10,000 00 28,700 00 

Third National Bank, Pittsburgh, stock, . . 10,000 00 12,925 00 

German National Bank, Pittsburgh, stock, . 10,200 00 31,110 00 

Exchange National Bank, Pittsburgh, stock, . 5,000 00 8,250 00 

Allegheny National Bank, Pittsburgh, stock, . 5,000 00 6,150 00 

M. & M. National Bank, Pittsburgh, stock, . 2,150 00 3,289 50 

Metropolitan Natl Bank, Pittsburgh, stock, . 300 00 363 00 

Fifth Avenue Bank, Pittsburgh, stock, . - . 500 00 400 00 

First National Bank, Allegheny, stock, . . 10,000 00 12,600 00 



224 



GERMAN FIRE INSURANCE CO. 



Second National Bank, Allegheny, stock, 
Aleppo township school bonds, 
People's Park Passenger Railway bonds, 



Securities held as collateral for cash loans : 

7 shares German Nat'l Bank, Pittsburgh, 
100 " German Sav'gs & Dep. B% Pitts., , 
15 " Allemannia Fire Ins. Co., Pitts., 



Par Value. 

$1,500 00 
1,800 00 
6,000 00 



Market Value. 

$10,125 00 
1,800 00 
6,600 00 



$75,450 00 $140,012 50 



Market Value. Loaned Thereon. 



$2,135 00 

15,500 00 

750 00 



$1,000 00 

10,000 00 

200 00 



$18,385 00 $11,200 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *). 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Rents due, 

Prem's more than three mos. due, $813 19 

Gross assets, . . . . . , 



31, 1896. 

$49,200 00 

236,260 00 

4,692 66 

140,012 50 

11,200 00 

33,772 47 

960 44 

32,959 28 

120 50 



$509,177 85 



Liabilities. 








Losses adjusted, unpaid, . . . . 


# $5,998 


71 




claimed and reported, . 


' 4,730 


00 




disputed or resisted, 


3,016 


31 




Total amount of losses, .... 


$13,745 


02 




Less reinsurance, 


2 


39 




Net amount of unpaid losses, . 


$13,742 


63 


/ 


Unearned premiums on outstanding risks, 


159,795 


60 




Due and accrued for rent, salaries, etc., . 


1,166 


15 




State and local taxes, .... 


780 


00 




Commissions and brokerage, . 


6,163 


30 




Reinsurance disallowed, . 


782 


66 




Reserved for contingencies, . . 


5,000 


00 




Gross liabilities, except capital, 






187,430 34 






Surplus as regards policy holders, . 


$321,747 51 


Paid-up capital, 






200,000 00 


Surplus over capital, 


$121,747 51 








t 


280,000 00 




t 


225,250 00 



GERMAN FIRE INSURANCE CO. 



225 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from commissions, 

Gross cash income, . 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for all other expenditures, 



Gross cash expenditures, 



$26,886 49 
247,088 72 

$273,975 21 
33,772 47 

,202 74 
45,587 39 



sources, 



$94,286 05 
3,795 02 



$194,615 35 

12,506 ( 67 

5,973 30 

2,287 19 

1,068 59 

$216,451 10 



,491 03 

20,000 00 

48,106 87 

9,909 84 

7,286 02 

15,198 34 

$190,992 10 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$27,421,017 00 $334,796 06 
19,981,132 00 247,088 72 



Total, ..... 

Deduct risks expired and terminated, 

In force at end of year, . ... 
Deduct amount reinsured, 

Net amount in force, 



$47,402,149 00 $581,884 78 
21,392,446 00 262,277 92 



$26,009,703 00 $319,606 86 
475,167 00 6,115 18 



,534,536 00 $313,491 68 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, . . 



54,951,405 00 

2,395,893 00 

74,649 00 

658,000 00 

20,000 00 

26,350 00 



226 



GERMANIA FIRE INSURANCE CO. 



"GERMANIA FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated March 2, 1859. Commenced business March 2, 1859.] 
Paid-up Capital, $1,000,000. 
HUGO SCHUMANN, President. CHARLES RUYKHAVER, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, 

Baltimore & Ohio R.R. Co. bonds, . 
Chesapeake & Ohio Railway Co. bonds, . 
Chic , Rock Island & Pacific R.R. bonds, . 
Chicago & Northwestern Railway Co. bonds, 
Cleve., Col., Cin. & Indianapolis R.R. bonds, 
Denver & Rio Grande Railroad bonds, . 
Dry Dock, East B'way & Battery R.R. bonds, 
Fargo & Southern Railway bonds, . 
Flint & Pere Marquette Railroad bonds, . 
Georgia State bonds, .... 

Harlem River & Port Chester Railroad bonds 
Kentucky Central Railway bonds, . 
Lono; Island Railroad bonds, . 
Michigan Central Railroad bonds, . 
Milwaukee & Northern Railroad bonds, . 
Milwaukee & St. Paul Railway bonds, . 
Mississippi State bonds, .... 
Morris & Essex Railroad bonds, 
N. Y., Brooklyn & Manhattan Beach R'y bonds 
Pennsylvania Company bonds, 
Richmond city bonds, .... 
Rome, Watertown & Ogdensburg R.R. bonds, 
St. Paul, Minn. & Manitoba Railway bonds, 
St. Paul & Northern Pacific Railroad bonds, 
Third Avenue Railroad Company bonds, 
Underwriters 1 Protective Asso. of Newark, 
Union Elevated Railroad, Brooklyn, bonds, 
Commercial Cable Co., stock, . 
Consolidated Gas Company stock, . 
Broadway & Seventh Avenue Railroad stock 
Chicago & Alton R.R. stock, 
Chicago, Milwaukee & St. Paul R.R. stock, 
Chicago & Northwestern Railway Co. stock, 
Chic, St. Paul, Minn. & Omaha R'y stock, 
Delaware & Hudson Canal Company stock, 
German-American Bank stock, 
Lake Shore & Michigan Southern R'y stock, 
National Park Bank stock, 
N. Y. Central & Hudson River R.R. stock, 



Par Value. 

$950,000 00 
50,000 00 
30,000 00 
25,000 00 
36,000 00 
25,000 00 
25,000 00 
10,000 00 
20,000 00 
25,000 00 
25,000 00 
10,000 00 
25,000 00 
15,000 00 
20,000 00 
25,000 00 
15,000 00 
20,000 00 
5,000 00 
25,000 00 
50,000 00 
52,100 00 
35,000 00 
25,000 DO 
16,000 00 
25,000 00 
1,000 00 
15,000 00 
10,000 00 
60,000 00 
30,000 00 
60,000 00 
60,000 00 
60,000 00 
45,000 00 
60,000 00 
9,375 00 
60,000 00 
5,000 00 
60,000 00 



Market Value. 

,055,500 00 
45,000 00 
29,400 00 
32,750 00 
39,960 00 
31,000 00 
22,500 00 
11,300 00 
22,000 00 
21,000 00 
24,500 00 
11,000 CO 
21,750 00 
17,850 00 
23,200 00 
29,250 00 
19,200 00 
20,000 00 

5,650 00 
25,500 00 
55,500 00 
52,100 00 
40,775 00 
26,250 00 
19,840 00 
30,750 00 

1,000 00 
10,875 00 
16,500 00 
82,800 00 
58,500 00 
96,600 00 
78,000 00 
90,000 00 
58,950 00 
69,000 00 
10,125 00 
90,000 00 
13,000 00 
55,200 00 



GERMANIA FIRE INSURANCE CO. 



227 



Pennsylvania Railroad stock, .... 
Pullman's Palace Car Co. stock, 
Rome, Watertown & Ogdensburg R.R. stock, . 
Western Union Telegraph Company stock, . 



Par Value. 

&5 1,000 00 
20,000 00 
60,000 00 
50,000 00 



Market Value. 

$52,530 00 
30,000 00 
70,800 00 
41,500 00 



$2,300,475 00 $2,658,905 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $616,312 63 

Loans on mortgage of real estate (first liens *), 346,000 00 

Interest due or accrued thereon, . . . 7,084 99 

Stocks and bonds, as per schedule, . . . 2,658,905 00- 

Cash in the office of the company, . . . 3,044 54 

Cash deposited in bank, 83,522 85 

Interest due and accrued, ..... 2,500 00 

Premiums in course of collection (gross), . 199,006 74 

Rents, 4,683 97 

In hands of department managers, . . . 23,690 55 

Gross assets, .... 
Deduct special deposits in other States, 



Balance, $3,868,151 27 



1,944,751 27 
76,600 00 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding 
Interest due on mortgage, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, . 



risks, 



Surplus over capital, 



$31,777 09 
27,846 86 
12,455 00 

$72,078 95 
4,195 53 

$67,883 42 

1,314,673 24 

1,075 00 

28,493 46 

52,307 36 

a,464,432 48 
16,296 50 



1,448,135 98 

$2,420,015 29 

1,000,000 00 

$1,420,015 29 



* Value of lands mortgaged, . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$240,250 00 
419,500 00 
349,500 00 



228 



GERMANIA FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, . 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Gross cash income, 



),734 67 
1,588,787 83 

$1,779,522 50 
200,239 70 

11,579,282 80 
485,151 51 



- $1,094,131 29 

14,787 38 

133,304 22 

. $1,242,222 89 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, .... 



|532,314 00 
92,658 83 



$439,655 17 

100,000 00 

178,668 39 

122,570 27 

27,538 87 

83,924 00 

$952,356 70 



Fire risks outstanding Dec. 31, 1895, . 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$311,587,846 00 $2,676,307 86 
187,856,571 00 1,588,787 83 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$499,444,417 00 $4,265,095 69 
181,872,677 00 1,531,519 85 



$317,571,740 00 $2,733,575 84 
18,277,894 00 178,119 53 



$299,293,846 00 $2,555,456 31 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, .... 



$30,676,804 00 

15,365,840 00 

431,791 00 

2,801,000 00 

100,000 00 

188,950 00 



GIRAKD FIRE AND MARINE INSURANCE CO. 



229 



"GIRARD FIRE AND MARINE INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated March, 1853. Commenced business May, 1853.] 

Paid-up Capital, $300,000. 

ALFRED S. GILLETT, President. EDWIN F. MERRILL, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . 

Louisville city bonds, 

St. Louis county bonds, 

Seattle city bonds, 

Georgia State bonds, 

Minnesota school bonds, 

Norfolk & Western Railroad Car Trust, 

Connecting Railroad bonds, 

Pennsylvania Railroad Company bonds, 

Phila., Wilmington & Baltimore R.R. bonds, 

Pitts., Cin., Chic. & St. Louis R.R. Co. bonds, 

Pennsylvania Railroad Co. stock, 

Lehigh Coal & Navigation Co. stock, 

Lehigh Valley R.R. stock, 

Delaware Railroad Company bonds, 

Phila. & Reading Railroad bonds, . 

Lehigh Coal & Navigation Company bonds, 

North Pennsylvania Railroad bonds, 

Lehigh Valley Railroad Company bonds, 

Philadelphia & Darby Pass. Railroad Co , 

Zanesville & Ohio Railroad bonds, . 

Lower Merion Gas Company bonds, 

Holmesburg Water Company bonds, 

Hutchinson Water, Light and Power Co. bonds 

Philadelphia Bourse stock, 

Borough Ridley Park bonds, 

Lynn & Boston R.R., . . . 

Camden city bonds, 

Girard Fire and Marine Ins. Co., f 36,652 00 



Par Value. 

$72,000 00 
10,000 00 
10,000 00 
50,000 00 
25,000 00 

7,000 00 
15,000 00 
10,000 00 
10,000 00 
70,000 00 
10,000 00 
15,000 00 

5,000 00 
15,000 00 

6,000 00 

2,000 00 
11,000 00 

5,000 00 
20,000 00 

2,250 00 
10,000 00 

8,000 00 

1,000 00 
12,000 00 

1,000 00 

4,000 00 
25,000 00 
20,000 00 



Market Value. 

$80,280 00 

11,800 00 

11,700 00 

53,000 00 

27,437 50 

7,105 00 

15,000 00 

11,200 00 

13,250 00 

72,100 00 

10,900 00 

15,525 00 

-4,100 00 

9,225 00 

6,435 00 

645 00 

11,220 00 

6,100 00 

19,800 00 

1,485 00 

2,000 00 

8,166 67 

1,000 00 

6,000 00 

200 00 

4,100 00 

25,604 17 

20,466 66 



151,250 00 $455,845 00 



Securities held as collateral for cash loans : 

Allegheny Valley R.R. Co. bond, 
Notes secured by real estate, . 



Market Value. 

$1,250 00 
29,500 00 



Loaned Thereon. 

$600 00 
16,000 00 



$30,750 00 $16,600 00 



230 



GIRARD FIRE AND MARINE INSURANCE CO. 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
All other admitted assets, .... 
Gross assets, 



31, 1896. 

$328,844 35 

844,310 00 

17,939 64 

455,845 00 

16,600 00 

10,643 66 

147,730 32 

196 97 

114,526 21 

9,501 55 



L,946,137 70 



Liabilities. 

Losses claimed and reported, 
Losses disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 

Reclaimable on perpetual fire policies, . 

Due and accrued for rent, salaries, etc., . 

State and local taxes, 

Commissions and brokerage, 

Return premiums, . ■, 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



$26,415 82 
7,987 50 

$34,403 32 
240 50 



t,162 82 

385,808 43 
574,499 93 
1,598 36 
1,883 85 
28,330 55 
9,312 37 
3,012 82 
4,641 43 



1,043,250 56 

$902,887 14 
300,000 00 

$602,887 14 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest received on mortgages, 



$130,849 56 
546,376 98 



7,226 54 
114,526 21 

$562,700 33 
96,055 17 



,645 16 
46,886 07 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$2,355,843 00 
361,890 00 



GLENS FALLS INSURANCE CO. 



231 



Interest and dividends received from all other sources, 
Income from rents, ........ 

Assignments and surveys, 

Deposits received for perpetual fire risks, 



,612 02 



Gross cash income, 

Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, .... 

Risks and Premiums. 



825,763 89 

5,757 58 

831 50 



$545,884 20 



$182,387 46 
12,314 88 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$101,634,406 00 
. 49,505,808 00 

$151,140,214 00 
. 45,925,954 00 

$105,214,260 00 
. 3,998,739 00 



$170,072 58 
66,000 00 
97,160 75 
59,292 09 
16,492 10 
30,260 49 

$439,278 01 



Premiums. 

$1,379,829 38 

546,376 98 

$1,925,706 36 

492,640 65 

11,433,065 71 

40,743 35 



$101,215,521 00 $1,392,322 36 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (22 per cent.) , 
Company's stock owned by directors, . . . 



$12,270,067 00 

5,052,025 00 

174,363 00 

1,791,196 00 

66,000 00 

35,300 00 



"GLENS FALLS INSURANCE COMPANY," GLENS FALLS, N. Y. 

[Incorporated May, 1849. Commenced business May, 1850.] 

Paid-up Capital, $200,000. 

J. L. CUNNINGHAM, President. R. A. LITTLE, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value, Market Value. 

$200,000 00 $232,000 00 

100,000 00 111,000 00 

50,000 00 55,000 00 



N. Y. Central & Hudson River R.R. bonds, 
New York & Harlem Railroad bonds, 
Lake Shore & Michigan So. Railroad bonds, 



232 



GLENS FALLS INSURANCE CO. 



Syracuse, Bing. & New York Railroad bonds, 
Morris & Essex Railroad bonds, 
West Shore Railroad bonds, 
Hudson River Pulp and Paper Co. bonds, 
Georgia State bonds, .... 
Richmond city bonds, .... 
First National Bank, Glens Falls, stock, . 
International Loan & Trust Company bonds, 
Gould Paper Company bonds, . 
German Trust Co., Davenport, la., bonds, 
''Glens Falls Paper Mills Company bonds, 
Cleveland Trust Company stock, 
Mt. Kisco National Bank stock, 
Glens Falls National Bank stock, 



Securities held as collateral for cash loans 
Morris & Essex Railroad bonds, 



Par Value. 

$53,000 00 

50,000 00 

50,000 00 

300,000 00 

25,000 00 

11,000 00 

10,000 00 

147,260 79 

150,000 00 

125,000 00 

240,000 00 

5,000 00 

5,000 00 

2,500 00 



Market Value. 

$65,190 00 

68,500 00 

50,000 00 

300,000 00 

25,000 00 

10,230 00 

20,000 00 

147,260 79 

150,000 00 

125,000 00 

240,000 00 

6,000 00 

5,000 00 

5,000 00 



.,523,760 79 $1,615,180 79 



Market Value. Loaned Thereon. 

$4,110 00 $4,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, 

Premiums in course of collection (gross), 

Rents, 

Bills receivable, 

Prem's more than three mos. due, $2,253 59 

Gross assets,* 

Deduct special deposits in other States, . 



Balance, $2,853,365 



31, 1896. 

$56,850 00 

938,708 81 

6,268 23 

1,615,180 79 

4,000 00 

7,579 88 

161,454 47 

14,711 22 

82,045 39 

150 00 

1,647 10 



1,888,595 89 
35,230 00 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$12,818 49 

20,374 00 

6,559 25 

$39,751 74 
4,551 06 

$35,200 68 



* Including $200,000 special deposit held under New York law. 



GLENS FALLS INSURANCE CO. 



233 



Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, 



$928,110 49 

10,000 00 

12,624 63 

9,566 94 



,502 74 
8,839 42 



Surplus over capital, 



$986,663 32 

1,866,702 57 
200,000 00 

1,666,702 57 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 



Total,. . . 
Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash fire premiums received, 
Interest received on mortgages, 
Interest and dividends received from all 
Income from rents, .... 

Gross cash income, 



), . $90,601 00 
1,684 86 




$88,916 14 
. 1,028,241 74 




. $1,117,157 88 
84,298 98 




. $1,032,858 90 
154,689 35 


$878,169 55 

53,652 60 

91,627 75 

1,693 01 


other sources, . 




$1,025,142 91 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees 
for State and local taxes, 
for general expenses, 



$404,575 33 
25,053 11 



$379,522 22 

40,000 00 

175,065 35 

63,182 84 

41,713 16 

65,362 64 



Gross cash expenditures, 



$764,846 21 



234 



GLOBE FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$158,314,227 00 
93,742,886 00 



Premiums. 

51,724,175 15 

1,028,241 74 



$252,057,113 00 12,752,416 89 
81,298,483 00 884,211 05 



$170,758,630 00 $1,868,205 84 
7,214,088 00 98,789 49 



$163,544,542 00 $1,769,416 35 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (20 per cent.), 

Company's stock owned by directors, 



,171,107 00 

7,392,884 00 

406,967 00 

680,000 00 

40,000 00 

75,040 00 



"GLOBE FIRE INSURANCE COMPANY," NEW YORK. 

[Incorporated March, 1863. Commenced business March, 1863.] 

Paid-up Capital, $200,000. 

E. C. JAMESON", President. WM. VALENTINE, Secretary. 



Detailed Statement of Stocks 



United States bonds, 

New York City dock bonds, 

District of Columbia bonds, 

Broadway & Seventh Avenue R.R. bonds 

Chicago & Erie R.R. bonds, 

Brooklyn city bonds, 

Wabash R.R. bonds, .... 

Oregon Short Line R'y bonds, . 

400 shares New York & Harlem R.R., 

100 

100 

250 

100 

100 



Delaware & Hudson Canal Co., 
N. Y. Cent. & Hudson River R.R., 
Consolidated Gas Co., New York, 
Chicago & Northwestern R.R., 
Brooklyn Union Gas Co., 



and Bonds. 

Par Value. 

$168,000 00 
26,000 00 
25,000 00 
5,000 00 
10,000 00 
20,000 00 
10,000 00 
10,000 00 
20,000 00 
10,000 00 
10,000 00 
25,000 00 
10,000 00 
10,000 00 



Market Value. 

5,775 00 
26,000 00 
27,500 00 

5,850 00 
11,000 00 
20,560 00 
10,600 00 
11,100 00 
59,000 00 
11,600 00 

9,300 00 
34,750 00 
10,200.00 

8,500 00 



$359,000 00 $432,735 00 



GLOBE FIRE INSURANCE CO. 



235 



Summary of Assets Dec. 31, 1896. 

Loans on mortgage of real estate (first liens*), $48,000 00 

Interest due or accrued thereon, . . . 202 07 

Stocks and bonds, as per schedule, . . . 432,735 00 

Cash in the office of the company, . . . 156 47 

Cash deposited in bank, 27,721 48 

Premiums in course of collection (gross), . 165,514 64 

Gross assets, 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Return premiums, 

Reinsurance, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$34,169 00 

42,439 00 

5,400 00 

301,514 96 

45,978 07 

1,048 36 

2,075 07 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, 

Gross cash income, - 



),676 29 
747,190 07 

$807,866 36 
165,514 64 

$642,351 72 
150,044 66 



Expenditures. 
Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
. for general expenses, 

Gross cash expenditures, .... 



$205,109 35 
15,381 46 



$674,329 66 



432,624 46 

$241,705 20 
200,000 00 

$41,705 26 



$492,307 06 

1,605 00 

15,339 40 

$509,251 46 



,727 89 

150,305 42 

3,550 00 

5,270 43 

1,068 68 

$349,922 42 



* Value of lands mortgaged, . . . . ' . . . $52,000 00 
Value of buildings thereon, . . . - . . . . 45,000 00 
Amount of insurance held as collateral, .... 44,500 00 



236 



GRANITE STATE FIRE INSURANCE CO. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

. f24,471,912 00 $244,040 00 
. 65,542,850 00 747,190 07 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



,014,762 00 $991,230 07 
35,275,450 00 395,893 23 



. $54,739,312 00 $595,336 84 
191,250 00 1,928 67 



.$54,548,062 00 $593,408 17 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Company's stock owned by directors, .... 



53,365,462 00 

1,641,502 00 

240,470 00 

630,000 00 

30,550 00 



"GRANITE STATE FIRE INSURANCE COMPANY," 
PORTSMOUTH, N. H. 

[Incorporated July 17, 1885. Commenced business Nov. 12, 1885.] 

Paid-up Capital, $200,000. 

FRANK JONES, President. ALFRED F. HOWARD, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

City of Manchester, N. H., bonds, . . . $100,000 00 $106,000 00 

County of Hillsboro, N. H., bonds, . . . 10,000 00 10,850 00 

Town of Harrisville, N. H., bonds, . . . 15,000 00 16,050 00 

Palouse City, Wash., water bonds, . . . 4,800 00 5,520 00 

St. Cloud Gas and Electric Co. bonds, . . 10,000 00 10,000 00 

Nashua Card and Glazed Paper Co. bonds, . 5,000 00 5,000 00 

Front St. Cable R'y Co., Seattle, Wash., bonds, 12,000 00 12,000 00 

Eastman Freight Car Heater Co. bonds, . . 26,000 00 26,000 00 

Fort Plain, N. Y., Water Co. bonds, . . 10,000 00 10,000 00 

Nat'l Loan and Trust Co., Kan. City, Mo., b'ds, 2,500 00 2,500 00 

New Hampshire Trust Co. bonds, . . . 10,800 00 8,640 00 

Chippewa Falls Water Works Co. bonds, . 9,000 00 9,000 00 

Columbia County, Wash., bonds, . . . 6,000 00 7,200 00 

123 shares Boston & Maine Railroad, . . . 12,300 00 20,049 00 

Tacoma Traction Co. bonds, .... 2,36190 2,36190 

1 share Worcester, Nashua & Roch'ter R.R., 100 00 125 00 

50 shares Wolfboro' Loan and Banking Co., . 5,000 00 5,250 00 

133 " Dover Gas Light Co., . . . 3,325 00 3,591 00 

50 " Intern 1 ! L. & T. Co., Kan. City, Mo., 5,000 00 3,000 00 



$249,186 90 |263,136 90 



GRANITE STATE FIRE INSURANCE CO. 



237 



Securities held as collateral for cash loans : — 

40 shares Indian Head N'l B'k, Nashua, N. H., 
Portsmouth, Gt. Falls & Conway R R bonds, 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Due for rents, . ... 

Due for reinsurance on losses, . 

Gross assets, 



Market Value. 

$3,335 00 
1,150 00 



Loaned Thereon. 



$4,000 00 



31, 1896. 

$25,300 00 

38,580 00 

518 10 

263,136 90 

4,000 00 

2,513 56 

57,027 01 

1,907 75 

42,910 00 

405 91 

230 62 



$436,529 85 



Liabilities. 

Losses adjusted, unpaid, $13,249 06 

claimed and reported, .... 8,026 72 

disputed or resisted, . . . . 3,500 00 

Total amount of losses $24,775 78 

Less reinsurance, ...... 3,430 41 

Net amount of unpaid losses, .... $21,345 37 

Unearned premiums on outstanding risks, . 161,510 62 

Commissions and brokerage, .... 5,148 37 

Return premiums, 2,078 01 

Reinsurance 4,899 17 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . . . . 



Surplus over capital, . 



Income. 



Eire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, , 

Net cash fire premiums received, 



>,601 83 
409,873 81 



,475 64 

42,910 00 

$417,565 64 

94,660 88 



194,981 54 

$241,548 31 
200,000 00 

$41,548 31 



$322,904 76 



* Value of lands mortgaged, ... 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$52,475 00 
41,425 00 
30,325 00 



238 



THE GREENWICH INSURANCE CO. 



Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, . . 



$3,146 44 

11,908 32 

410 34 



Gross cash income, . . . . . . . . $338,369 86 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, .... 



$229,677 10 
45,976 39 



,700 71 

12,000 00 

56,919 23 

9,250 00 

6,059 30 

25,351 86 

$293,281 10 



Risks and Premiums. 

. Premiums. 

Fire risks outstanding Dec. 31, 1895, . . $37,614,888 00 $446,631 03 

Fire risks written during 1896, . . . 29,584,217 00 409,873 81 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



,199,105 00 $856,504 84 
30,271,256 00 406,820 82 



. $36,927,849 00 $449,684 02 
. 10,373,728 00 140,280 92 



,554,121 00 



,403 10 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



(5,215,804 00 

2,350,323 00 

179,974 00 

84,000 00 

12,000 00 

125,100 00 



"THE GREENWICH INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated May 5, 1834. Commenced business Jan. 1, 1835.] 

Paid-up Capital, $200,000. 

MASON A. STONE, President. WALTER B. WARD, Ass't Secretary: 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States government bonds, . . . |46,500 00 $51,382 50 
District of Columbia bonds, .... 125,000 00 136,875 00 
Harlem River & Port Chester R.R. bonds, . 10,000 00 11,000 00 



THE GREENWICH INSURANCE CO. 



239 



N. Y. Central & Hudson River R.R. bonds, 
Albany & Susquehanna Railroad bonds, . 
The Oswego & Syracuse Railroad bonds, 
Buffalo & Erie Railroad bonds, 
State of Georgia bonds, .... 
Rome, Watertown & Ogdensburg R.R. bonds 
Consolidated Gas Company of N. Y. stock, 
Rensselaer & Saratoga Railroad Co. stock, 
The Valley Railroad stock, 
National Broadway Bank stock, 
Delaware & Hudson Canal Co. stock, 
New York, Lack. & Western R.R. stock, . 
Chicago & Northwestern R'y Co. stock, . 



Par Value. 

$60,000 00 

80,000 00 

53,000 00 

9,500 00 

25,000 00 

5,000 00 

100,000 00 
60,000 00 
35,000 00 
17,500 00 
60,000 00 
25,000 00 
30,000 00 



Market Value. 

$69,900 00 

93,600 00 

57,240 00 

9,975 00 

25,000 00 

5,925 00 

138,750 00 

108,000 00 

39,200 00 

39,375 00 

69,600 00 

29,500 00 

45,600 00 



Securities held as collateral for cash loans : 
10 shares Canada Southern Railway Co., 



$741,500 00 $930,922 50 



Market Value. 

$450 00 



Loaned Thereon. 

$400 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
PrenVs more than three mos. due, $12,160 03 

Gross assets, 

Deduct special deposits in other States, . 



31, 1896. 

$200,000 00 

930,922 50 

400 00 

10,053 82 

58,497 97 

154,930 82 

24,411 46 



Balance, 



:,379,216 57 
36,050 00 

,343,166 57 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, . . . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
State and local taxes, .... 
Commissions and brokerage, . 



$8,216 34 

151,218 98 

32,856 86 

$192,292 18 
15,837 44 

$176,454 74 

689,014 82 

931 50 

2,500 00 

24,000 00 



240 



THE GREENWICH INSURANCE CO. 



Return premiums, etc., . . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, 



$1,703 15 
14,201 53 

,805 74 
32,286 09 



$876,519 65 

$466,646 92 
200,000 00 

$266,646 92 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Gross cash income, . . . 

Expenditures 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for tire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 



$201,508 92 
1,429 86 



$200,079 06 
1,051,739 50 


$1,251,818 56 
159,879 13 


$1,091,939 
209,493 


43 

79 


$4,273 59 
572 26 


$3,701 
138,469 


33 
33 


$142,170 66 
7,211 72 


$134,958 94 
17,613 07 



$882,445 64 



117,345 87 

34 46 

sources, . . 44,764 77 

17,030 06 

. $1,061,620 80 



$537,429 46 
43,743 27 

$148,693 20 
33,688 25 



$493,686 19 
115,004 95 



THE GREENWICH INSURANCE CO, 



241 



Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, .... 



$ 20,000 00 

184,615 17 

109,994 89 

15,919 15 

85,719 48 

$1,024,939 83 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$240,820,993 00 $1,501,445 44 
. 138,687,495 00 1,051,739 50 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$379,508,488 00 $2,553,184 94 
. 144,948,055 00 1,120,971 85 



$234,560,433 00 $1,432,213 09 
. 18,657,190 00 112,727 24 



$215,903,243 00 $1,319,485 85 



Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$2,558,971 00 $81,338 18 
41,585,496 00 138,469 33 



$44,144,467 00 $219,807 51 
42,145,979 00 153,956 86 



,998,488 00 $65,850 65 
104,600 00 4,079 88 



:,893,888 00 $61,770 77 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, ; 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$17,264,469 00 

. 10,720,122 00 

494,066 00 

98,992 00 

. 2,108,000 00 

20,000 00 

77,875 00 



242 



HANOVER FIRE INSURANCE CO. 



"HANOVER FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1852. Commenced business April, 1852 J 

Paid-up Capital, $1,000,000. 

I. REMSEN LANE, President. CHARLES L. ROE, Secretary. 



Detailed Statement of Stocks 



United States bonds, .... 
State of Georgia bonds, . 
City of Richmond, Va., bonds, . 
Kansas Pacific Railway Co. bonds, . 
Flint & Pere Marquette R.R. bonds, 
Cincinnati & Springfield Railway bonds, 
Central Railroad Co. of New Jersey bonds, 
Milwaukee and Northern Railroad bonds, 
Chicago, Milwaukee & St. Paul R'y bonds, 
Louisville, New Albany & Chicago R'y bonds 
Pennsylvania Company bonds, 
Flint & Pere Marquette R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
N. Y., New Haven & Hart. R,R. certificates, 
Cin., Indianapolis, St. Louis & Chic. R'y bonds 
Brooklyn City R R. bonds, 
Lehigh Valley Terminal Co bonds, 
Chicago, Rock Island & Pacific R'y bonds, 
New York city water stock, 
New York city bonds, .... 

100 shares Rensselaer & Saratoga Railroad 

310 ' 

220 

210 

500 
1,000 

200 

350 

191 

500 

400 
1,600 

250 

500 

100 

220 

250 
75 

150 
36 



Rome, Watcrt'n & Ogdensb. R R. 
Chicago, Burl. & Quincy R.R., 
Chic, Rock Island & Pacific R'y 
Chicago & Northwestern R'y, 
N. Y. Cent. & Hudson River R R. 
St. Paul, Minn. & Manitoba R'y 
Chicago & Northwestern R'y, 
Syracuse, Bing. & N. Y. R R , 
Cleve.,Cin., Chic. & St. Louis R'y 
Lake Shore & Mich. South. R'y, 
Pennsylvania Railroad Co , . 
Chic , Milwaukee & St. Paul R'y 
Beech Creek Railroad Co., . 
Chicago & Alton Railroad, . 
Illinois Central Railroad, 
Pittsb'gh, F't Wayne & Chi. R.R. 
Metropolitan National Bank, 
American Exchange Nat'l Bank 
Western Nat'l Bank, New York 



and Bonds. 

Par Value. 

$83,000 00 
25,000 00 
50,000 00 
50,000 00 
30,000 00 
19,000 00 
75,000 00 
5,000 00 
20,000 00 
15,000 00 
36,000 00 
30,000 00 
25,000 00 
50,000 00 
25,000 00 
25,000 00 
20,000 00 
20,000 00 

160,000 00 

175,000 00 
10,000 00 
34,000 00 
22,000 00 
21,000 00 
50,000 00 

100,000 00 
20,000 00 
35,000 00 
19,100 00 
50,000 00 
40,000 00 
80,000 00 
25,000 00 
25,000 00 
10,000 00 
22,000 00 
25,000 00 
7,500 00 
15,000 00 
3,600 00 



Market Value. 

$90,022 50 
27,550 00 
53,750 00 
33,000 00 
34,800 00 
20,912 50 
88,875 00 
5,850 00 
22,200 00 
12,000 00 
39,960 00 
25,500 00 
24,500 00 
68,250 00 
24,250 00 
28,750 00 
21,950 00 
20,925 00 
155,600 00 
168,250 00 
18,100 00 
40,120 00 
15,372 50 
13,807 50 
51,000 00 
91,000 00 
23,200 00 
53,200 00 
31,515 00 
37,000 00 
60,800 00 
83,000 00 
32,750 00 
25,000 00 
16,400 00 
20,900 00 
40,000 00 
75 00 
25,950 00 
4,212 00 



HANOVER FIRE INSURANCE CO. 



243 



75 shares The Bank of America, . 
1,000 " Consolidated Gas Co., New York, 
550 " Western Union Telegraph Co., . 



Securities held as collateral for cash loans : — 

Brooklyn City Railroad bonds, .... 
Flint & Pere Marquette Railroad bonds, . 
20 shares Western Union Telegraph Co , 

Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, . . . 

Reinsurance due, 

Prem's more than three mos. due, . $6,523 90 

Gross assets, ..... 
Deduct special deposits in other States, . 



Par Value. 

$7,500 00 

100,000 00 

55,000 00 



Market Value. 

$24,750 00 

140,500 00 

45,787 50 



Balance, 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



[,714,700 00 $1,864,334 50 

Market Value. Loaned Thereon. 
$1,150 00n 

1,700 00 i $4,000 00 
1,665 00 ) 



31, 1896. 

$450,000 00 

7,000 00 

29 16 

1,864,334 50 

4,000 00 

62,944 80 

20,191 56 

12,940 00 

170,989 56 

1,127 50 

2,244 77 



2,595,801 85 
80,012 50 

1,515,789 35 



$67,060 51 
61,733 35 
18,882 33 

$147,676 19 
2,754 82 

$144,921 37 

1,140,098 23 

29,525 04 

$1,314,544 64 
36,531 93 



1,278,012 71 

$1,237,776 64 

1,000,000 00 

$237,776 64 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$11,000 00 
7,000 00 
7,000 00 



244 



HANOVER FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1895 
Same not collected, .... 

Net collected, . . . . 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Gross cash income, . 



,374 10 
12,187 54 



$181,186 56 
1,791,511 50 

$1,972,698 06 
177,513 46 

$1,795,184 60 
280,314 48 



sources, 



L,514,870 12 

704 10 

80,474 39 

14,471 57 

1,610,520 18 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for rent and incidentals, . 

Gross cash expenditures, .... 



$920,514 20 
64,322 07 



$856,192 13 

70,000 00 

274,141 53 

143,058 09 

37,780 60 

127,711 73 

. $1,508,884 08 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

1202,367,342 00 $2,316,116 98 
. 152,750,333 00 1,791,511 50 



Total, . . 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



$355,117,675 00 $4,107,628 48 
150,364,547 00 1,770,253 35 



$204,753,128 00 $2,337,375 13 
. 11,269,261 00 130,270 61 



Net amount in force, . 



$193,483,867 00 $2,207,104 52 



HARTFORD FIRE INSURANCE CO. 245 



Miscellaneous. 

Premiums received from organization of company, . $30,381,611 00 

Losses paid from organization of company, .... 17,164,315 00 

Fire losses incurred during the year, 814,538 00 

Cash dividends declared from organization of company, . 2,549,500 00 
Dividends declared during the year (7 per cent.), . . . 70,000 00 
Company's stock owned by directors, 151,750 00 



"HARTFORD FIRE INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1810. Commenced business August, 1810.] 

Paid-up Capital, $1,250,000. 

GEORG-E L. CHASE, President. P. C. ROYCE, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

315 shares iEtna National Bank, Hartford, . $31,500 00 $45,675 00 

300 " American Nat'l Bank, Hartford, . 15,000 00 25,500 00 

200 " Charter Oak Natl B'k, Hartford, 20,000 00 20,000 00 

166 " City Bank, Hartford, . . . 16,600 00 17,430 00 

100 " Conn. River B'k'g Co , Hartford, . 3,000 00 4,500 00 

274 " Conn. Trust and Safe Dep. Co., Ht., 27,400 00 45,210 00 

122 " Farm. & Mech. N'l B'k, Hartford, 12,200 00 14,030 00 

172 " First National Bank, Hartford, ., 17,200 00 19,264 00 

556 " Hartford Nat'l Bank, Hartford, . 55,600 00 78,952 00 

150 " Mercantile Nat 1 ! Bank, Hartford, 15,000 00 13,500 00 

40 " Nat'l Exchange Bank, Hartford, . 2,000 00 2,600 00 

467 " Phoenix National Bank, Hartford, 46,700 00 58,375 00 

100 " State Bank, Hartford, . . . 10,000 00 11,000 00 

200 " American Ex. Nat'l Bank, N. Y., . 20,000 00 34,600 00 

150 " Bank of America, New York, . 15,000 00 48,000 00 

100 " Bank of North America, N. Y., . 7,000 00 9,100 00 

300 " Imp. and Traders' N'l B'k, N. Y., 30,000 00 162,000 00 

200 " Manhattan Co. Bank, New York, 10,000 00 21,000 00 

334 " Merchants' National Bank, N. Y., 16,700 00 22,545 00 

225 " Metropolitan Nat'l Bank, N. Y., . 22,500 00 1,500 00 

100 " National B'k of Commerce, N. Y., 10,000 00 20,300 00 

39 " Atlantic National Bank, Boston, . 3,900 00 4,290 00 

70 " Blackstone Nat'l Bank, Boston, . 7,000 00 6,090 00 

125 " Boylston National Bank, Boston, . 12,500 00 15,625 00 

100 " First National Bank, Boston, . 10,000 00 23,500 00 

24 " Hide & Leather N'l Bank, Boston, 2,400 00 2,616 00 

32 " Nat'l B'k of Commerce, Boston, . 3,200 00 3,616 00 

109 " Second National Bank, Boston, . 10,900 00 19,620 00 

50 " First National Bank, Albany, . 5,000 00 8,000 00 



246 



HARTFORD FIRE INSURANCE CO. 



43- 1 
to 3 

710 

770 

1,050 
220 

1,000 

120 

20 

500 

1,875 
500 
200 
500 



150 shares Bank of Montreal, Montreal, 
Ontario Bank, Bowmanville, 
Chicago, Burl. & Quincy R R., 
Chic , Milwaukee & St. Paul R.R. 
Chicago & Northwestern R R., 
Chic, Rock Island & Pacific R.R. 
Conn. & Passumpsic Rivers R R. 
Connecticut River Company, 
Connecticut River Railroad Co., 
N. Y.Cent & Hudson River R.R. 
• N. Y., N. H. & Hartford R.R., 
Northwest Telegraph Company, 
Union Pacific Railroad Company 
N. Y., Lack. & Western R.R., 
Albany & Susquehanna Railroad bonds, . 
Alabama State bonds, .... 
Brooklyn Wharf and Warehouse Co. bonds, 
Baltimore & Ohio Railroad certificates, . 
Baltimore Belt Railroad bonds, 
Canadian Pacific Railroad bonds, 
Chicago & Western Indiana Railroad bonds, 
Chicago & Northwestern Railroad bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago & Great Western Railroad bonds, 
Chicago, Milwaukee & St. Paul bonds, . 
Chicago & Erie Railroad bonds, 
Chicago, Rock Island & Pacific R.R. bonds, 
City of Ind. Belt R.R. and Stock Yards bonds, 
Cincinnati, Ind., St Louis & Chic. R.R. bonds 
Cincinnati, Hamilton & Dayton R.R. bonds, 
Cleveland, Columbus, Cin. & Ind. R.R. bonds 
Connecticut River Railroad bonds, . 
Central Railroad of New Jersey bonds, . 
Dayton & Michigan Railroad bonds, 
Detroit, Lansing & Northern Railroad bonds, 
Easton & Amboy Railroad bonds, . 
Georgia State bonds, .... 

Harlem River & Port Chester Railroad bonds 
Hartford Street Railway Co. bonds, . 
Housatonic R.R. rolling stock certificates, 
Indianapolis & Vincennes Railroad bonds, 
Iowa Falls & Sioux City Railroad bonds, 
Jefferson Railroad bonds, 
Lake Shore & Michigan Southern R.R. bonds 
Lehigh Valley Railroad bonds, 
Lou. & Frankft & Lex. & Frankft R.R. bonds 
Minneapolis Union Railroad bonds, . 
Milwaukee & St. Paul Railroad bonds, . 



Par Value. 

$30,000 00 

4,333 33 

71,000 00 

77,000 00 

105,000 00 
22,000 00 

100,000 00 

12,000 00 

2,000 00 

50,000 00 

187,500 00 
25,000 00 
20,000 00 
50,000 00 
50,000 00 
10,000 00 

150,000 00 

100,000 00 

100,000 00 
48,666 00 

320,000 00 

147,000 00 
61,600 00 
41,000 00 

100,000 00 

100,000 00 
50,000 00 
74,000 00 

120,000 00 

55,000 00 

58,000 00 

1,000 00 

150,000 00 
60,000 00 
50,000 00 

150,000 00 
25,000 00 
50,000 00 

100,000 00 

100,000 00 
32,000 00 

100,000 00 
50,000 00 

110,000 00 

250,000 00 
92,000 00 
50,000 00 
63,000 00 



Market Value. 

$68,400 00 

3,380 00 

50,410 00 

78,040 00 

116,700 00 
14,520 00 

105,000 00 

3,000 00 

4,900 00 

47,000 00 

337,500 00 
28,750 00 
1,800 00 
56,500 00 
61,500 00 
10,400 00 

150,000 00 

100,500 00 
92,000 00 
57,750 00 

365,900 00 

160,580 00 
61,500 00 
43,050 00 

127,000 00 

110,000 00 
52,000 00 
87,320 00 

140,400 00 

66,000 CO 

64,720 00 

1,000 00 

177,000 00 
64,200 00 
32,500 00 

165,000 00 
26,000 00 
58,000 00 

102,000 00 

104,000 00 
37,760 00 

125,000 00 
52,250 00 

133,100 00 

281,000 00 
94,760 00 
61,000 00 
66,150 00 



HARTFORD FIRE INSURANCE CO. 



247 



Montreal Corporation bonds, . 
Minnesota State warrants, . 
Milwaukee, Lake Shore & Western R.R bonds, 
Nashville and Decatur sinking fund bonds, 
New Brunswick, N. J., city bonds, . 
Northern Pacilic Railroad bonds, 
N. Y. Central & Hudson River Railroad bonds, 
New York & New England Railroad bonds, . 
N.Y., New Haven & Hartford R.R. certificates, 
Pittsburgh, Cincinnati & St. Louis R.R. bonds, 
Philadelphia & Reading Railroad bonds, 
Richmond, Va , city bonds, 
St Paul & Northern Pacific Railroad bonds, 
St. Louis & San Francisco Railroad bonds, 
Topeka, Kansas, internal imp. sewer bonds, 
West Shore Railroad bonds, 



Par Value. 

$02,500 00 
42,200 '00 
50,000 00 
50,000 00 
20,000 00 
59,000 00 
50,000 00 
50,000 00 
75,000 00 

100,000 00 
75,000 00 
52,500 00 
86,000 00 
50,000 00 
15,000 00 

100,000 00 



Market Value. 

$62,500 00 
38,249 00 
56,000 00 
56,000 00 
20,400 00 
68,440 00 
52,500 00 
59,000 00 

101,250 00 

110,000 00 
81,750 00 
52,500 00 

107,500 00 
56,500 00 
15,000 00 

106,000 00 



$5,169,599 33 $6,049,267 00 



Securities held as collateral for cash loans : — 

37 shares iEtna Fire Insurance Co., . 

30 " Chicago & Northwestern R.R. Co., . 

64 " Billings & Spencer Co., . 



Market Value. Loaned Thereon. 

$9,620 00 $6,000 00 

4,500 00 3,800 00 

2,560 00 1,000 00 



$16,680 00 $ 10,800 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash deposited in bank, 

Premiums in course of collection (gross), 

Rents due, 

Gross assets, ' . 

Deduct special deposits in other States, . 



Balance, 



31, 1896. 

$459,575 00 

1,375,500 00 

25,181 93 

6,049,267 00 

10,800 00 

991,914 44 

1,200,243 34 

845 53 



,113,327 24 
389,434 00 



$9,723,893 24 



Liabilities. 

Losses adjusted, unpaid, $ 112, 183 40 

claimed and reported, .... 339,667 03 

disputed or resisted, .... 72,798 13 

Unearned premiums on outstanding risks, .. 4,845,820 57 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



£ 1,0 50,000 00 

2,262,075 00 

780,278 00 



248 



HARTFORD FIRE INSURANCE CO. 



Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$180,036 50 
769 26 

f 5,55 1,274 89 
186,710 



$5,364,564 30 

$4,359,328 94 
1,250,000 00 

13,109,328 94 



Income. 
Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, . ... 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, . 



Gross cash income, 

Expenditures. 
Cash paid for fire losses $3,392,754 07 

Deduct salvage and reinsurance, . . . 330,521 38 

Net cash paid for fire losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, . 

Risks and Premiums. 



$1,115,018 01 

1,988 91 

$1,113,029 10 

7,186,052 32 

$8,299,081 42 

1,200,243 34 

$7,098,838 08 

1,334,510 85 



sources, 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$729,121,673 00 
585,554,767 00 

11,314,676,440 00 
509,413,135 00 

$805,263,305 00 
9,660,308 00 



►,764,327 23 

72,679 14 

287,734 36 

5,296 73 

1, 130,037 46 



5,062,232 69 
350,000 00 
955,450 55 
431,052 60 
125,156 00 
561,209 36 



15,485,101 20 

Premiums. 

19,004,993 99 
7,186,052 32 



16,191,046 31 

6,369,938 66 

$9,821,107 65 

129,466 52 



f795,602,997 00 $9,691,641 13 



HOME INSUKANCE CO. 



249 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (28 per cent ), 

Company's stock owned by directors, 



$89,515,120 00 

52,825,565 00 

2,987,800 00 

8,363,100 00 

350,000 00 

182,600 00 



"HOME INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April, 1853. Commenced business April 13, 1853 ] 
Paid-up Capital, $3,000,000. 



DANIEL A. HEALD, President. 



WILLIAM L. BIGELOW, } 

THOMAS B. GREENE, S Secretaries. 



Detailed Statement of Stocks and Bonds. 



United States bonds, . 

District of Columbia bonds, 

State of Georgia bonds, . 

New York city bonds, 

City of Richmond, Va., bonds, 

Topeka City, Kan., internal imp. bonds, 

City of Council Bluffs, Iowa, imp. bonds, 

Nebraska City, Neb., improvement bonds, 

Kansas City, Kan., improvement bonds, 

City of Greely, Col., water bonds, . 

Atchison, Kan., improvement bonds, 

West Chicago Park warrants, . 

The Ann Arbor Railroad Co. bonds, 

New York, Chicago & St. Louis R R. bonds, 

N. Y. Central & Hudson River R.R. bonds, 

New York & Harlem R.R. bonds, . 

Ohio & West Virginia Railway Co. bonds, 

Peoria, Decatur & Evansville Railway bonds 

Cleve., Col., Cm. & Indianapolis R.R. bonds, 

Louisville, New Albany & Chic. R'y Co. bonds 

West Shore Railway bonds, 

Albemarle & Chesapeake Canal Co. bonds, 

Jeffer'ville, Madison & Indianapolis R.R. b'ds 

Dunkirk, Warren & Pittsburgh R'y Co. bonds 

Chic., St. Paul, Minn. & Omaha R'y Co. bonds 

Cleveland Terminal & Valley R.R. Co. bonds 

Alabama Central Railroad bonds, . 

Louisville, Henderson & St. Louis R'y Co. b'ds 



Par Value. 

|375,000 00 

1,000,000 00 

25,000 00 

505,000 00 

50,000 00 

59,625 32 

9,200 00 

15,000 00 

3,500 00 

25,000 00 

3,000 00 

157,435 73 

215,000 00 

112,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

110,000 00 

96,000 00 

94,000 00 

50,000 00 

50,000 00 

50,000 00 

25,000 00 



Market Value. 

$407,762 50 

1,090,000 00 

25,000 00 

497,425 00 

50,000 00 

61,414 08 

9,200 00 

15,000 00 

3,500 00 

25,000 00 

3,000 00 

157,435 73 

160,175 00 

115,920 00 

116,000 00 

111,250 00 

118,000 00 

101,000 00 

130,000 00 

112,000 00 

104,000 00 

116,600 00 

110,400 00 

103,400 00 

63,500 00 

37,500 00 

55,000 00 

21,250 00 



250 



HOME INSURANCE CO. 



Virginia Midland Railway Co. bonds, 
Staudard Gas Light Co. bonds, 
Des Moines Water Works Co. of Iowa bonds 
Denver Union Water Company bonds, 
Streator, 111., Aqueduct Co. bonds, . 
4,600 shares Morris & Essex Railroad, . 
2,000 " Chic., Mil. & St. Paul R'y Co , 
2,211 " United N. J. R.R. & Canal Co , 
2,000 " Pitts., Ft. Wayne & Chic. R'y Co. 
2,000 " Pennsylvania Railroad Co., . 
1,100 " N. Y. Cen. & Hudson River R.R. 
1,000 " Fort Wayne & Jackson R.R., 
1,000 " Chic, St. P., Minn. & Omaha R'y 
1,000 " Rensselaer & Saratoga R.R., 
1,000 " Lake Shore & Mich. So'n R'y Co. 
500 " Connecticut River R.R. Co., . 
500 " The Ann Arbor R.R. Co., . 
428 " New York & Harlem R.R. Co., 
605 " Standard Gas Light Co., 
400 " National Broadway Bank, . 
200 " American Ex. Nat'l Bank, N. Y., 
200 " Mercantile National Bank, N. Y. 
200 " Nat'l Bank of Commerce, N. Y., 
200 " Manhattan Company, N. Y., 
200 " Met chants 1 Ex. Nat'l Bank, N. Y. 
200 " Nassau Bank, 
200 " Chatham National Bank, N. Y., 
200 " Nat'l Bute, and Drovers' B'k, N. Y 
200 " Fourth National Bank, N. Y , 
100 " Bank of America, N. Y., 
100 " Hanover National Bank, N. Y., 
100 " National Bank of the Republic, 
200 " Holland Trust Co., 
200 " Franklin Trust Co., Brooklyn, 
60 " Long Island Loan and Trust Co. 
50 " Metropolitan Trust Company, 



Par Value. 

$50,000 00 

50,000 00 

50,000 00 

48,000 00 

10,000 00 

230,000 00 

200,000 00 

221,100 00 

200,000 00 

100,000 00 

110,000 00 

100,000 00 

100,000 00 

100,000 00 

100,000 00 

50,000 00 

50,000 00 

21,400 00 

60,500 00 

10,000 00 

20,000 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00 

5,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

20,000 00 

20,000 00 

6,000 00 

5,000 00 



Market Value. 

1-48,500 00 

54,000 00 

37,500 00 

36,000 00 

10,000 00 

376,050 00 

262,000 00 

528,429 00 

322,000 00 

103,500 00 

101,200 00 

120,000 00 

133,000 00 

181,000 00 

152,000 00 

123,500 00 

11,000 00 

62,916 00 

61,925 00 

22,500 00 

34,200 00 

34,000 00 

40,000 00 

20,500 00 

11,000 00 

15,800 00 

14,750 00 

6,250 00 

35,000 00 

31,500 00 

31,500 00 

14,500 00 

16,000 00 

42,400 00 

12,000 00 

14,750 00 



>,791,761 05 $7,041,902 31 



Securities held as collateral for cash loans : — 

Seattle, Lake Shore & Eastern R.R. bonds, 

St. Joseph & Grand Island R.R. bonds, . 

Spokane & Palouse Railway bonds, . 

30 shares N. Y., Susquehanna & Western R.R., 

Des Moines & Ft. Dodge R.R. bonds, 

460 shares National Bank of North America, . 

250 " National Bank of the Republic, 



Market Value. Loaned Thereon. 



$1,750 00 >| 

990 00 

4,200 00 

720 00 J 

33,000 00 

41,860 00 

36,250 00 



$6,900 00 

25,000 00 
37,800 00 
25,000 00 



HOME INSURANCE CO. 



251 



Des Moines & Ft. Dodge R.R. bonds, 
Portsmouth & Suffolk Water Co. of Va. bonds, 
250 shares National Bank of the Republic, 
Denver Union Water Co. bonds, 

37 shares Western Union Telegraph Co., 
100 " National Bank of North America, 
358 " Georgia R.R. & Banking Co , . 

10 " Manhattan Life Insurance Co., 
Des Moines & Ft. Dodge R.R. bonds, 
Dakota & Great Southern R'y Co. bonds, 



Market Value. 

$6,000 00 
2,000 00 

36,250 00 

18,750 00 
2,960 00 
9,100 00 

57,280 00 
1,925 00 
3,000 00 
2,160 00 



Loaned Thereon. 

$5,000 00 

25,000 00 

12,000 00 

1,300 00 

6,500 00 

35,000 00 

850 00 

1,500 00 

1,250 00 



$258,195 00 $183,100 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens f ), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, . 
Prem's more than three mos. due, $5,604 81 

Gross assets, . . . 
Deduct special deposits in other States, . 



11 ,748,857 41 

423,786 71 

8,288 32 

7,041,902 31 

183,100 00 

306,032 86 

47,390 02 

914,524 89 

2,682 45 



$10,676,564 97 
129,500 00 



Balance, $10,547,064 97 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . . . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 



$88,660 00 

510,752 03 

54,146 04 

$653,558 07 
189,181 00 

$464,377 07 

4,464,347 00 

88,870 44 



* The company holds, also, instalment premium notes to the amount of $724,084.07, which do 
not enter into nor form any part of the assets of the company, as no portion of them is earned. 
Whatever value is attached to them would necessarily be counterbalanced by the addition of an 
amount exactly equal to the reinsurance liability, the entire sum consisting of " unearned pre- 
miums." 

t Value of lands mortgaged, $715,310 00 

Value of buildings thereon 448,675 00 

Amount of insurance held as collateral, .... 251,250 00 



252 



HOME INSURANCE CO. 



$181,881 17 
32,878 13 

5,232,353 81 
113,225 97 



Gross cash expenditures, 



$789,955 88 
333 17 



),622 71 
6,064,791 16 

$6,854,413 87 
871,891 58 

$5,982,522 29 
1,380,693 26 



Reinsurance, . . 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, . 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Gross cash income, . . 



Expenditures. 
Cash paid for fire losses, $2,916,208 23 

Deduct salvage and reinsurance, . . . 369,625 75 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . . $157,882 60 

Deduct salvage and reinsurance, . . . 65,182 99 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 



5,426 66 
297,086 50 

$325,513 16 
50,920 57 

$274,592 59 
101,447 70 



sources, 



^5,119,127 84 

^5,427,937 13 
3,000,000 00 

^2,427,937 13 



$4,601,829 03 



173,144 89 

23,809 77 

302,211 04 

96,760 64 

>,197,755 37 



>,516,582 48 



92,699 61 

300,300 00 

907,510 04 

399,710 30 

93,011 94 

330,449 40 

1,670,263 77 



THE HOWARD FIRE INSURANCE CO. OF BALTIMORE. 253 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Maiine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$976,344,093 00 
674,388,396 00 

$1,650,732,489 00 
686,149,214 00 

$964,583,275 00 
109,604,522 00 



Premiums. 

$9,582,758 00 

6,064,791 16 

$15,647,549 16 

6,291,885 16 

$9,355,664 00 

573,690 00 



$854,978,753 00 $8,781,974 00 



$7,566,605 00 
76,499,405 00 



,066,010 00 

74,084,676 00 

$9,981,334 00 

2,413,830 00 



$191,361 00 
297,086 50 



,447 50 
267,352 50 

$221,095 00 
46,399 00 



$7,567,504 00 $174,696 00 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (10 per cent.), . 

Company's stock owned by directors, 



$115,737,977 00 

69,525,125 00 

2,495,103 00 

102,549 00 

10,015,000 00 

300,000 00 

168,300 00 



"PRESIDENT AND DIRECTORS OF THE HOWARD FIRE INSUR- 
ANCE COMPANY OF BALTIMORE," BALTIMORE, MD. 

[Incorporated March, 1856. Commenced business June, 1856.] 

Paid-up Capital, $200,000. 

WM. ORTWINE, President. M. LEWIN HEWES, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$145,200 00 
10,000 00 



Baltimore city bonds, 
United States bonds, . 
Maryland State bonds, 
Baltimore & Ohio Railroad bonds, 
Louisville city bond, 
Louisville water bonds, . 



2,000 00 
2,000 00 
5,000 00 
5,000 00 



Market Value. 

$152,324 00 

12,037 50 

1,960 00 

2,040 00 

5,750 00 

5,787 50 



254 THE HOWARD FIRE INSURANCE CO. OF BALTIMORE. 



Georgia, Carolina & Nor. Railroad bonds, 
Cape Fear & Yadkin Valley bonds, . 
Potomac Valley Railroad bonds, 
Western No. Carolina Railroad bonds, 
Southern Railway bonds, 
210 shares Northern Central Railway, 
625 " National Mechanics 1 Bank, 
100 " Western National Bank, 
200 " National Bank of Commerce, 
50 " National Howard Bank, . 



Par Value. 

$5,000 00 
3,000 00 
6,000 00 
5,000 00 
5,000 00 

10,500 00 

6,250 00 

2,000 00 

3,000 00 

500 00 



Market Value. 

$4,087 50 

1,800 00 

5,550 00 

5,700 00 

4,550 00 

13,860 00 

10,937 50 

4,000 00 

3,400 00 

525 00 



Securities held as collateral for cash loans 
Loaned on company's own stock, 



$215,450 00 $234,309 00 



$300 00 



SUMMAKY OF ASSETS DEC. 31, 1896. 

Cash value of unencumbered real estate, . $39,800 00 

Loans on mortgage of real estate (first liens*), 6,800 00 

Interest due or accrued thereon, . . . 155 80 

Stocks and bonds, as per schedule, . . . 234,309 00 

Cash in the office of the company, . . . 207 16 

Cash deposited in bank, 8,249 99 

Premiums in course of collection (gross), . 2,949 18 

Rents, . 220 00 

Loan on company's own stock, . . $300 00 

Gross assets, . . . . . 



$292,691 13 



Liabilities. 

Losses adjusted, unpaid, . 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders, unpaid, . 
Commissions and brokerage, . 
Return premiums, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



$900 00 

200 00 

18,661 04 

1,513 85 

435 09 

780 63 

194 30 

57 59 



22,742 50 

$269,948 63 
200,000 00 

$69,948 63 



* Value of lands mortgaged, . . . 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$7,500 00 
7,500 00 
5,000 00 



THE HOWARD FIRE INSURANCE CO. OF BALTIMORE. 255 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, .... 

Expenditures. 

Cash paid for fire losses, $6,335 49 

Deduct salvage and reinsurance, . . . 260 11 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 
Deposits returned on perpetual fire risks, . $2,340 00 

Gross cash expenditures, . 



$916 50 
24,340 18 

$25,256 68 
2,949 18 

$22,307 50 
7,178 75 



sources, 



$15,128 75 

2,625 00 

8,718 62 

984 20 

$27,456 57 



$6,075 38 
13,045 85 
2,853 40 
5,520 67 
2,966 68 
3,249 97 



$33,711 95 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, . . . . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$5,177,577 00 
3,217,424 00 

|8,395,001 00 
3,234,547 00 

$5,160,454 00 
228,892 00 



Tremiums. 



,591 73 
24,340 18 

$62,931 91 
23,527 18 

$39,404 73 
1,743 80 



$4,031,562 00 $37,660 93 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year, . 
Company's stock owned by directors, ... 



.,202,255 00 

525,495 00 

4,696 00 

606,100 00 

12,950 00 

23,610 00 



256 



THE INSURANCE CO. OF NORTH AMERICA. 



"PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY 
OF NORTH AMERICA," PHILADELPHIA, PA. 

[Incorporated April 14, 1794. Commenced business 1792.] 

Paid-up Capital, $3,000,000. 

CHARLES PLATT, President. GREVILLE E. FRYER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States government bonds, . . . f 125,000 00 $141,250 00 

Boston city bonds, 112,000 00 120,960 00 

Richmond, Va , city bonds, .... 53,000 00 53,000 00 

Georgia State bonds, 25,000 00 28,250 00 

Baltimore city bonds, 200,000 00 194,000 00 

Toledo. city bonds, 1,000 00 1,020 00 

Cincinnati city bonds, 28,000 00 30,800 00 

Belgian government bonds, .... 49,000 00 49,000 00 

Providence city bonds, 25,000 00 26,000 00 

City of Columbus (O.) bonds, .... 25,000 00 25,500 00 

City of Portland (Ore.) bonds, . . . 50,000 00 58,000 00 

East Lincoln (111.) bonds, .... 10,000 00 10,300 00 

City of Montreal bonds, 111,000 00 122,100 00 

Western Springs, Cook Co., 111., warrants, . 382 50 382 50 

City of Chicago warrants, . . . . 13,400 00 13,400 00 

City of Chicago bonds, 26,000 00 26,000 00 

Pennsylvania Railroad bonds, . . . . 430,000 00 510,700 00 

Philadelphia & Reading Railroad bonds, . 350,000 00 430,500 00 

North Pennsylvania Railroad bonds, . . 80,000 00 94,800 00 

Belvidere & Delaware Railroad bonds, . . 50,000 00 53,000 00 

Pennsylvania & N. Y. Canal & R.R. bonds, . 25,000 00 30,250 00 

Lehigh Valley Railroad bonds, . . . 200,000 00 238,000 00 

Delaware Division Canal bonds, . . . 15,000 00 14,250 00 

French rentes, 5,800 00 5,800 00 

Brooklyn Wharf & Warehouse Co bonds, . 30,000 00 30,900 00 

Baltimore & Potomac R R. bonds, . . . 5,000 00 6,000 00 

Schuylkill River East Side Railroad bonds, . 20,000 00 20,400 00 

Terminal Kailroad Association of St. Louis, . 40,000 00 42,000 00 

Lehigh Coal and Navigation Company, . . 5,000 00 6,250 00 

Easton & Amboy Railroad Company, . . 100,000 00 107,000 00 

Philadelphia & Erie Railroad, .... 150,000 00 178,500 00 

Chicago & Western Indiana Railroad bonds, . 79,000 00 82,950 00 

Northern Central Railway bonds, . . . 16,000 00 18,400 00 

Pitts., McKeesp't & Youghiogheny Railroad, . 50,000 00 61,000 00 

Lehigh Valley Railroad bonds, . . . 7,000 00 7,070 00 

The Belt R.R. and Stock Yard Company bonds, 50,000 00 59,000 00 

Bergen County Railroad bonds, . . . 50,000 00 52,500 00 

Car Trust of New York bonds, . . . 23,000 00 23,000 00 

New York & Long Branch Railroad bonds, . 150,000 00 165,000 00 

100 shares Philadelphia National Bank, . . 10,000 00 19,000 00 

40 " Philadelphia Bourse, . . . 2,000 00 400 00 



THE INSURANCE CO. OF NORTH AMERICA. 



257 



Par Value. 

228 shares Chesapeake and Del. Canal Co., . $11,400 00 

Atlantie Mutual Insurance scrip, . . . 6,410 00 

Philadelphia & Baltimore Central Railroad, . 100,000 00 

Delaware & Chesapeake Railroad bonds, . 100,000 00 

Steubenville & Indiana Railroad bonds, . . 200,000 00 

Corning, Cowanesque & A. RR, bonds, . . 9,000 00 

New York, Lake Erie & Western R.R. bonds, 200,000 00 

Terre Haute & Logansport Railroad bonds, . 50,000 00 

Texas & Pacific Railway bonds, . . . 20,000 00 

Louisville & Nashville Railroad, . . . 63,000 00 

Lehigh Coal & Navigation Company bonds, . 100,000 00 

New York, 'West Shore & Buffalo R.R. bonds, 25,000 00 

San Antonio & Aransas Pass. Railway bonds, . 21,000 00 

Wrecking Boat "North America" bonds, . 29,000 00 

Canada & Atlantic Railroad bonds, . . . 20,000 00 

Jefferson Railroad bonds, .... 35,000 00 

McKeesport & Belle Vernon Railroad bonds, . 20,000 00 

Penn. & New York Canal and R.R. bonds, . 50,000 00 

Win. Cramp & Sons 1 Ship & Eng. B'ld'g Co. notes, 50,000 00 

Lehigh Valley Railway Company bonds, . 50,000 00 

Lehigh Valley Terminal Company bonds, . 40,000 00 

Baltimore Belt Railroad bonds, . . . 30,000 00 

Elizabeth Railroad of Austria bonds, . . 40,000 00 

Tioga Railroad bonds, . . . . . 5,000 00 

Philadelphia & Reading Railroad bonds, . 100,000 00 

Lehigh Valley Railroad bonds, . . . 50,000 00 

Cincinnati, Hamilton & Dayton Railroad bonds, 50,000 00 

Camden & Atlantic bonds, .... 50,000 00 

Northern Pacific Railroad bonds, . . . 4,000 00 

Cleveland, Lorain & Wheeling Railroad bonds, 50,000 00 

Prospect Brewing Company bonds, . . . 25,000 00 

Delaware River R.R & Bridge Co. bonds, . 50,000 00 

Northern Central Railway bonds, . . . 10,000 00 

International Navigation Company bonds, . 50,000 00 
1,500 shares company's own stock, $31,500 00 



Market Value. 

$250 00 

6,410 00 

105,000 00 

95,000 00 

216,000 00 
9,000 00 

216,000 00 
42,500 00 
21,400 00 
71,820 00 

102,500 00 
26,250 00 
11,760 00 
29,000 00 
15,000 00 
39,550 00 
21,000 00 
47,500 00 
50,000 00 
50,000 00 
42,800 00 
27,900 00 
40,000 00 
5,250 00 

103,000 00 
49,500 00 
52,000 00 
52,500 00 
'4,000 00 
.52,000 00 
25,000 00 
53,000 00 
10,700 00 
51,500 00' 



$4,510,392 50 $4,904,722 50 



Securities held as collateral for cash loans : — 



McKeesport & Belle Vernon R.R. bonds, 
New Jersey Consolidated Traction Co. bonds, 
Allegheny County bonds, 

30 shares Philadelphia Mortgage Co , . 

50 " Penn. Co. for Insurance on Lives, 
100 " Lehigh Coal and Navigation Co., 
City of Philadelphia bonds, 
Lehigh Valley R.R. bonds, 



Market Value. Loaned Thereon.. 



$48,000 00 
8,300 00 
5,350 00 
2,130 00 
24,300 00 
4,100 00 
8,510 00 
2,600 00 



140,000 00 
5,000 00 
4,000 00 
1,300 00 

20,000 00 
10,000 00 



$103,290 00 $80,300 00 



258 



THE INSURANCE CO. OF NORTH AMERICA. 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash deposited in bank, .... 

Premiums in course of collection (gross), 

Notes taken for marine and inland risks, 

Due for reinsurance of marine losses, 

Book debts due the company, . 

Company's stock held by company, $31,500 00 

Gross assets, 

Deduct special deposits in other States, . 



$457,132 35 

2,463,233 76 

50,643 78 

4,904,722 50 

80,300 00 

782,589 87 

813,100 36 

60,114 88 

14,953 75 

67,864 63 



1,694,655 88 
261,350 00 



Balance, $9,433,305 88 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 

Reinsurance, 

Book debts, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$102,629 59 

348,159 20 

43,988 32 

$494,777 11 
146,120 30 

$348,656 81 

3,246,830 32 

781,689 31 

35,000 00 

41,906 53 

3,189 41 

9,031 51 

$4,466,303 89 
125,099 12 



4,341,204 77 



Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, 



. $5,092,101 11 
. 3,000,000 00 

. $2,092,101 11 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



^6,337,947 00 
2,344,400 00 



THE INSURANCE CO. OF NORTH AMERICA. 



259 



Income. 

> 
Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from net perpetual deposits, 

Deposits received for perpetual fire risks, 



$625,892 63 
4,787,742 29 

^5,413,634 92 

578,407 28 

£4,835,227 64 
855,631 19 

$305,782 74 
2,094,040 60 

^2,399,823 34 
294,807 96 

£2,105,015 38 
531,103 87 



sources, 



$17,694 94 



1,979,596 45 



1,573,911 51 

140,522 65 

227,377 93 

2,321 99 



Gross cash income, |5,923,730 53 



Expenditures. 

Cash paid for fire losses, f 2,268,505 86 

Deduct salvage and reinsurance, . . . 101,754 73 

Net cash paid for fire losses, .... f 2,166,751 13 

Cash paid for marine and inland losses, . . $1,907,429 81 
Deduct salvage and reinsurance, . . . 611,448 45 

Net cash paid for marine and inland losses, . 1,295,981 36 

Cash dividends paid, 360,000 00 

Cash paid for commissions and brokerage, .... 1,038,731 45 
for salaries of officers and employees, . . . - 300,458 24 
for State and local taxes, . . . . 113,787 56 

for general expenses, 293,727 65 

Deposits returned on perpetual fire risks, . $15,372 95 



Gross cash expenditures, 



. $5,569,437 39 



2G0 



INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$638,984,366 00 $6,024,632 50 
561,354,515 00 4,787,742 29 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, 

Perpetual risks in force (not incl'd above), 

Marine risks outstanding Dec 31, 1895, . 
Marine risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



.,200,338,881 00 $10,812,374 79 
588,338,293 00 4,787,522 67 



$612,000,588 00 $6,024,852 12 
14,284,703 00 141,155 84 



$597,715,885 00 $5,880,696 28 

$34,022,948 00 $858,767 81 

$42,000,000 00 $252,000 00 

270,786,330 00 2,094,040 60 



$312,786,330 00 $2,346,040 60 
270,888,074 00 2,101,881 60 



$41,898,256 00 $244,159 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



$126,775,754 00 

88,808,255 00 

2,150,429 00 

1,207,881 00 

13,653,934 00 

360,000 00 

261,700 00 



" INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA," 

PHILADELPHIA, PA. 

[Incorporated April 18, 1794, Commenced business Nov. 5, 1794.] 

Paid-up Capital, $200,000. 

GEO. G. CROWELL, President. A. B. EARLE, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

20 shares Philadelphia National Bank, . . $2,000 00 $3,800 00 

Harrisburg, P. L. & Mt. Joy Railroad bonds, . 15,000 00 16,050 00 

Car Trust of New York bonds, . . . 2,000 00 2,120 00 

Chicago & W. Indiana Railroad bonds, . . 7,000 00 8,120 00 



INSURANCE CO. OF THE STATE OF PENNSYLVANIA. 261 



Shamokin, Sunbury & L. Railroad bonds, 
Terre Haute & Logansport Railroad bonds, 
Steubenville & Indiana Railroad bonds, . 
Long Dock Company bonds, . 
Pittsburg Junction Railroad Company bonds, 
St. Paul & Northern Pacific Railroad bonds, 
Sunbury, H. & Wilkesbarre Railroad bonds, 
Northern Central Railroad bonds, . 
City of Q.uincy bonds, .... 
Wabash Railroad Company bonds, . 
Syracuse, Geneva & Cor. Railroad bonds, 



Par Value. 

$10,000 00 
20,000 00 
30,000 00 
10,000 00 
10,000 00 
10,000 00 

4,000 00 
10,000 00 
10,000 00 
14,000 00 

6,000 00 



Market Value. 

$10,200 00 
19,600.00 
33,500 00 
13,250 00 
13,200 00 
12,01? 50 

4,253 33 
10,700 00 
10,500 00 
10,080 00 

6,450 00 



$160,000 00 $173,835 83 



Summary op Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, 

Premiums in course of collection (gross), 

Notes taken for fire risks, .... 

Rents due, 

Due for reinsurance of losses, already paid, 

Salvage, 

Other admitted assets, .... 
Gross assets, ..... 



|349,019 37 

44,600 00 

680 66 

173,835 83 

1,238 54 

124,567 61 

250 00 

43,701 02 

1,963 25 

7,040 73 

7,179 22 

3,787 77 

9,236 72 



$767,100 72 



Liabilities. 

Losses adjusted, unpaid, $1,034 4Q 

Losses claimed and reported, .... 12,671 14 

Unearned premiums on outstanding risks, . 182,475 05 

Reclaimable on perpetual fire policies, . . 209,334 36 

Due for borrowed money, .... 45,000 00 

Commissions and brokerage, .... 6,555 15 

Gross liabilities, except capital, . . 

Surplus as regards policy holders, 

Paid-up capital, 



Surplus over capital, . 



457,070 16 

$310,030 56 
200,000 00 

$110,030 56 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



^78,000 00 
35,300 00 



262 



INSURANCE CO. OF THE STATE OF PENNSYLVANIA, 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from all other sources, 

Deposits received for perpetual fire risks, 



951,813 67 

389,465 70 

$441,279 37 
43,701 02 

$397,578 35 
95,553 64 



sources, 



$302,024 71 

4,781 55 

6,033 13 

7,287 00 

536 15 



$15,998 32 



Gross cash income, $320,662 54 



Expenditures. 
Cash paid for fire losses, . . . . . $183,066 76 
Deduct salvage and reinsurance, . . . 24,970 17 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 
Deposits returned on perpetual fire risks, . $8,118 38 

Gross cash expenditures, 



$158,096 59 
10,000 00 
72,304 90 
15,725 00 
6,860 02 
21,141 96 



$284,128 4< 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 81, 1895, . . $33,933,067 00 $437,573 47 



Fire risks written during 1896, 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. 30,624,286 00 389,465 70 



1,557,353 00 $827,039 17 
. 31,402,217 00 401,933 50 



.$33,155,136 00 $425,105 67 
. 4,845,068 00 52,648 69 



.$28,310,068 00 $372,456 98 



Perpetual risks in force (not incPd above), . $7,046,348 00 $232,593 73 



lumbermen's INSURANCE CO. 



2G3 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (5 per cent ), . 



$21,358,770 00 

. 16,776,187 00 

149,808 00 

. 4,281,406 00 

10,000 00 



"LUMBERMEN'S INSURANCE COMPANY," PHILADELPHIA, PA. 

[Incorporated June 2, 1873. Commenced business Dec. 11, 1873.] 
Paid-up Capital, $250,000. 
LEWIS DAVIS, President. OLIVER H. HILL, Secretary. 



Detailed Statement of Stocks and Bonds. 



Susquehanna Coal Co. bonds, . 

Shamokin Valley & Pottsville R.R. bonds, 

Steubenville & Indiana R.R. bonds, 

Richmond & Danville R.R. bonds, . 

Philadelphia & Reading R.R. bonds, 

Summit Branch R.R. Co. bonds, 

Camden & Atlantic R.R. Co. bonds, 

Mortgage Trust Co. of Pa. bonds, . 

Lehigh Valley R.R. Co. bonds, 

Car Trust of New York bonds, 

West Jersey R.R. Co. bonds, 

Chicago, St. Louis & Pittsburg R R. bonds, 

Mortgage Trust Co. of Pa. bonds, . 

Master Builders' Exchange bonds, . 

Car Trust of New York bonds, 

West Jersey R.R. bonds, . . . 

Sunbury, Hazelton & Wilkesbarre R.R. bond 

Shamokin, Sunbury & Lewis burg R.R. bonds 

Pennsylvania Steel Co. bonds, . 

Lehigh Valley R.R. bonds, 

Texas & Pacific R.R. bonds, 

Ohio River Railroad bonds, 

Lehigh Valley Railroad bonds, 

Cincinnati, Richmond & Fort Wayne R.R. b'ds 

Cambria & Clearfield Railroad Co. bonds, 

Duluth Street Railway Co. bonds, . 

St Louis Merchants' Bridge Co. bonds, 

Minneapolis General Electric Co. bonds, 

Electric R'y Light and Power Co Sedalia, Mo 

Broadway and Seventh Avenue R R. Co. bonds 



Par Value. 

$12,000 00 

7,000 00 
15,000 00 

5,000 00 

5,000 00 
10,000 00 
10,000 00 

5,000 00 
10,000 00 

3,000 00 

3,000 00 
10,000 00 
10,000 00 
10,000 00 

9,000 00 
26,000 00 

8,000 00 
10,000 00 
10,000 00 
10,000 00 
11,000 00 

5,000 00 

3,000 00 
30,000 00 

12,000 00 
20,000 00 
20,000 00 

20,000 00 
8,000 00 

10,000 00 



Market Value. 

$13,560 00 
7,810 00 
16,650 00 
6,000 00 
4,100 00 
10,000 00 
10,750 00 
5,020 00 
13,000 00 
3,060 00 
3,180 00 
11,500 00 
10,250 00 
10,125 00 
8,730 00 
31,200 00 
8,480 00 
10,300 00 
10,000 00 
12,300 00 
9,680 00 
5,150 00 
3,060 00 
34,800 00 
12,250 00 
20,500 00 
21,000 00 
20,GuO 00 
8,000 00 
11,650 00 



264 



LUMBEKMEN S INSURANCE CO. 



Par Value. Market Value. 

Hartman General Electric Co., Duluth, bonds, $10,000 00 f 10,250 00 

Superior Water, Light and Power Co. bonds, . 10,000 00 10,100 00 

St. Paul Gas Light Co. bonds, .... 10,000 00 8,500 00 

Lehigh Traetion Co. bonds, . . . ■ . . 15,000 00 13,500 00 

68 shares Lehigh Traction Co., . . . 6,800 00 1,020 00 

Mortgage Trust Co. of Penna bonds, . . 3,000 00 3,075 00 

Piedmont & Cumberland R.R. Co. bonds, . 10,000 00 10,000 00 

Syracuse & East Side R R. Co. bonds, . . 10,000 00 9,500 00 

Detroit and Mackinac R.R. Co. bonds, . . 5,000 00 3,500 00 

Grand Rapids Gas Light Co. bonds, . . 10,000 00 9,200 00 

80 shares Grand Rapids Gas Light Co., . . 4,000 00 2,400 00 

G'va,W'loo, Sen. Falls & Cay Lake Tr. Co. b'ds, 10,000 00 9,600 00 

20shs.G , va,W'loo,Sen Falls & Cay. LakeTr. Co., 2,000 00 400 00 

Passaic Lighting Co. bonds 10,000 00 9,000 00 

50 shares Passaic Lighting Co., . . . 5,000 00 1,000 00 

10 " Philadelphia Bourse, ... 500 00 100 00 

100 " Grand Rapids & Indiana R'y Co., . 10,000 00 500 00 

Phil a. & Reading Coal and Iron Co. cert's, . 10,000 00 10,600 00 

Lehigh Valley Railroad Co. Car Trust, . . 10,000 00 10,200 00 

46 shs. B'k'h'm Apart. House Co., St. Paul, stock, 4,600 00 4,100 00 



Securities held as collateral for cash loans :■ 

400 shares B'ltLine El'vator Co., Superior ,Wis , 
Belt Line Elevator Co. bonds, .... 
45 shares 13th & 15th Street Pass. R'lway Co., 
200 " Columbus & Xenia R.R. Co., 
Pittsburgh, Cincinnati & St. Louis R.R. bonds, 
60 shares Citizens' Passenger Railway Co., 
17 " Jefferson Fire Insurance Co., . 
3 " Pennsylvania Fire Insurance Co., 
5 " Reliance Insurance Co., . 
15 " Lehigh Navigation Co., . 
Consolidated Traction Co. of N. J. bonds, 
200 shares United Gas Improvement Co. stock, . 
Minneapolis General Electric Co. bonds, 



$482,900 00 $479,280 00 

Market Valtte. Loaned Thereon, 

$14,500 00 $12,000 00 

10,350 00 5,000 00 

16,000 00 3,000 00 

8,800 00 8,000 00 

600 00 



16,200 CO 
2,125 00 



2,000 00 



1,500 00 



1,200 00 



34,950 00 25,000 00 
10,000 00 4,000 00 



$114,925 00 $60,300 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $100,050 00 

Loans on mortgage of real estate (first liens *), 434,110 99 
Interest due or accrued thereon, . . . 7,812 64 



* Value of lands mortgaged, 
Value of bui'dings thereon, . . 
Amount of insurance held as collateral, . 



$500,000 00 
431,000 00 
409,950 00 



LUMBERMEN S INSURANCE CO. 



265 



Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

Cash deposited in bank, .... 

Interest due and accrued, 

Premiums in course of collection (gross), 

Rents due, 

Ground rent, 

Gross assets, 



1479,280 00 

60,300 00 

387 82 

27,368 45 

784 51 

36,724 46 

1,127 50 

1,000 00 



1,148,946 37 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
State and local taxes, 
Commissions and brokerage, . 
Return premiums, .... 

Reinsurance, 

Reinsurance disallowed, . 
Incidentals, . . . . ) 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 

Income 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from other sources, 

Deposits received for perpetual fire risks, 



1524 49 

14,215 65 

4,000 00 

118,740 14 
700 00 

$18,040 14 
130,887 05 
230,953 25 
1,813 30 
7,110 73 
5,853 58 
1,954 56 
4,370 64 
1,297 22 



$30,214 66 
230,167 35 

$260,382 01 
36,724 46 

$223,657 55 
49,942 00 



sources, 



$14,761 65 



402,280 47 

$746,665 90 
250,000 00 

$496,665 90 



173,715 55 
25,127 80 

28,480 57 

2,459 31 

719 32 



Gross cash income, 



$230,502 55 



266 THE manufacturers' and merchants' INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 



,255 19 
3.059 62 



Gross cash expenditures, 



Risks and Premiums. 



Fire risks outstanding Dec. 31,1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 
Perpetual risks in force (not incl'd above), 



. $22,414,354 00 
. 24,497,316 00 



1,911,670 00 
. 20,210,287 00 



. $26,701,383 00 
. 1,646,016 00 

. $25,055,367 00 
. |9,389,419 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . 



,195 57 

25,000 00 

41,199 40 

12,689 00 

5,373 41 

9,413 25 

$177,870 63 



Premiums. 

$239,743 60 
230,167 35 

$469,910 95 
205,410 82 

$264,500 13 
17,456 51 

$247,043 62 
$256,614 72 



$1,989,390 00 

1,013,000 00 

82,030 00 

338,000 00 

25,000 00 

75,675 00 



"THE MANUFACTURERS 1 AND MERCHANTS' INSURANCE COM- 
PANY," PITTSBURGH, PA. 

[Incorporated Feb. 28, 1865. Commenced business May 1, 1865.] 

Paid-up Capital, $250,000. 

JOHN W. CHALFANT, President. WM. T. ADAIR, Secretary. 



Detailed Statement of Stocks and Bonds. 



Pittsburgh & Western Railway Co. stock, 
Pittsburgh & Western Railway Co. bonds, 
Pitts., Allegh'y & Manchester Trac. Co. bonds, 
Allegheny County Light Company bonds, 
Braddock & Turtle Creek Street R'v bonds, . 



Par Value. 

$5,000 00 
10,000 00 
20,000 00 
10,000 00 
10,000 00 



Market Value. 

$500 00 

7,500 00 

21,000 00 

10,450 00 

10,400 00 



THE MANUFACTURERS' AND MERCHANTS' INSURANCE CO. 267 



Borough of Etna, Pa., bonds, . 
Wheeling Railway Company bonds, 
Pittsburgh Plate Glass Company bonds, , 
Westinghouse Machine Company bonds, 
H. C. Frick Coke Company bonds, . 



Par Value. 

$10,000 00 
11,000 00 
20,000 00 
11,000 00 
10,000 00 



Market Value. 

$10,000 00 
11,550 00 
20,200 00 
11,055 00 
10,000 00 



$117,000 00 $112,655 00 



Securities held as collateral for cash loans : — 

Penn Street Railway Company bonds, 

Monongahela National Bank stock, 

Pitts., Allegh'y & Manchester Trac. Co. stock, 

Westinghouse Brake Company stock, 

Pitts , Allegh'y & Manchester Trac Co. stock, 

Pittsburgh Junction Railway Company stock, 

Federal St. & Pleasant Valley R'y Co. stock, . 

Central Connellsville Coke Company bonds, . 



Market Value. Loaned Thereon. 



$2,000 00 
775 00 

16,606 00 
3,150 00 

15,200 00 
3,000 00 
9,256 50 
3,000 00 



$860 00 
400 00 

16,000 00 

10,000 00 
9,500 00 
1,600 00 



$52,987 50 $38,360 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Reinsurance and salvage, . 
Prem's more than three mos. due, $712 27 
Gross assets, ...... 



31, 1896. 

$45,000 00 

273,766 67 

5,956 54 

112,655 00 

38,360 00 

1,569 66 

32,600 24 

88 85 

30,377 71 

308 33 

2,134 04 



$542,817 04 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 



$2,207 83 

15,878 60 

799 11 

$18,885 54 

8,305 00 

$10,580 54 

156,417 01 

7,767 16 



* Value of lands mortgaged, 

Value of buildings thereon, . . . 
Amount of insurance held as collateral, 



$351,750 00 
397,750 00 
277,100 00 



268 THE MANUFACTURERS' ANT) MERCHANTS' INSURANCE CO. 



Return premiums and reinsurance, etc., 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . ... 



Surplus over capital, . 



$2,001 53 
7,325 00 



$184,091 24 

1358,725 80 

250,000 00 

$108,725 80 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $23,093 56 
Premiums on risks written or renewed, . . 266,939 33 

Total, $290,032 89 

Premiums now in course of collection, . . 23,442 75 

Entire premiums collected, .... $266,590 14 
Less reinsurance and return premiums, . . 62,816 95 

Net cash fire premiums received, . . . 

Net cash maiine premiums received, 
Interest received on mortgages, .... 
Interest and dividends received from all other sources, 
Income from rents, . . . 



Gross cash income, 



£203,773 


19 


366 


16 


14,286 


89 


9,127 


43 


365 


04 



7,918 71 



Expenditures. 
Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Ctfsh paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and emplo3 T ees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



1111,145 15 
6,796 01 

$607 35 
8 18 



$104,349 14 



599 17 

15,000 00 

54,098 36 

8,873 30 

4,920 11 

9,717 96 

$197,558 04 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$21,868,366 00 $278,546 39 
22,124,540 00 266,939 33 



Total, . . ... 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



,992,906 00 $545,485 72 
18,776,087 00 237,784 92 



$25,216,819 00 $307,700 80 
1,157,409 00 15,073 78 



$24,059,410 00 $292,627 02 



THE MECHANICS INSURANCE CO. 



209 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent ), . 
Company's stock owned by directors, .... 



53,206,179 00 
1,344,987 00 

90,279 00 

525,000 00 

15,000 00 

55,250 00 



« THE MECHANICS' INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 13, 1854. Commenced business May 4, 1854.] 

Paid-up Capital, $250,000. 

SIMON J. MARTIN, President. JOHN A. SNYDER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Phila., Wilmington & Baltimore R.R. bonds, . $5,000 00 $5,220 00 

Union Passenger Railway bonds, . . . 20,000 00 22,000 00 

Lombard & South Streets Pass. Railway, . 20,000 00 20,200 00 

Steubenville & Indiana Railroad bonds, . . 25,000 00 27,250 00 

Borough of Clifton Heights, Penn., bonds, . 3,000 00 3,000 00 

Schuylkill River, East Side, Railroad bonds, . 30,000 00 30,900 00 

City of St Louis bonds, ..... 10,000 00 10,000 00 

Northern Pacific Terminal bonds, . . . 10,000 00 10,500 00 

North Pennsylvania Railroad bonds, . . 11,000 00 12,210 00 

Catawissa Railroad bonds, .... 9,000 00 9,810 00 

Columbus & Cincinnati Midland R.R. certs., . 10,000 00 6,200 00 

Phila., Wil. & Baltimore Railroad certificates, 10,000 00 10,225 00 

Phila. & Erie Railroad bonds, .... 28,000 00 28,810 00 

Toledo Electric St. Pass. Railway bonds, . 10,000 00 10,000 00 

United States bonds, 5,000 00 5,975 00 

Consolidated Traction Co. of New' Jersey b'ds, 10,000 00 8,300 00 

Second Ave, Traction Co., Pittsburgh, bonds, . 10,000 00 10,000 00 

Terminal R.R. Association, St. Louis, bonds, . 10,000 00 10,000 00 

Commonwealth of Pennsylvania bonds, . . 5,000 00 5,000 00 

City of Altoona, Pa., bonds, . . . . 10,000 00 10,000 00 

200 shares Fair. Park & Haddington P. R.R., . 10,000 00 12,000 00 

100 " Union Passenger Railway, . . 5,000 00 21,000 00 

30 " 13th & 15th Streets Pass. Railway, 1,500 00 6,900 00 

20 " 2d & 3d Streets Pass. Railway, . 1,000 00 4,520 00 

200 " Philadelphia Traction Company, . 10,000 00 13,225 00 

154 " Union Traction Company, . . 1,540 00 1,501 50 



$280,040 00 $314,776 50 



270 



THE MECHANICS' INSURANCE CO. 



Securities held as collateral for cash loans : — 

366 shares Merchants 1 Trust Co., 

100 " Lehigh Coal & Navigation Co., 

16 " Pennsylvania Steel Co., . 

50 " United Gas Improvement Co., 

50 " Union Traction Co., 
100 " N. Y. & Middle Coal Field Co , 
100 " Philadelphia & Reading R.R. Co., 

50 " Philadelphia Traction Co., 
165 " Hannis Distilling Co., 

43 " Bethlehem Tron Co., 
300 " Philadelphia & Reading R.R. Co., 
Northern Central R.R. Co. bonds, . 



Market Value. Loaned Thereon. 

$4,575 00^ 

4,150 00 
960 00 

3,575 00 }> 
453 75 

2,500 00 

1,350 00 J 

3,300 00 2,000 00 
14,850 00 n 

2,924 00 i 12,500 00 

4,050 00 ) 
44,000 00 25,000 00 



,687 75 $52,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Perpetual deposits due, .... 
Gross assets, 



31, 1896. 

$87,000 00 

330,985 00 

5,553 71 

314,776 50 

52,000 00 

1,458 48 

51,107 21 

4,164 15 

43,502 84 

143 32 

4,594 00 



,285 21 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders, unpaid, . 
Commissions and brokerage, . 
Return premiums, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, 



$5,871 18 

8,431 25 

6,152 02 

137,107 61 

230,445 00 

53 00 

10,972 40 

6,579 07 



405,611 53 

$489,673 68 
250,000 00 

$239,673 68 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$720,800 00 
297,650 00 



THE MECHANICS' INSURANCE CO. 



271 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Income from transfers and surveys, 

Deposits received for perpetual fire risks, 

Gross cash income, .... 

Expenditures. 
Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

for repairs on real estate, 
Deposits returned on perpetual fire risks, 

Gross cash expenditures, . 



$46,317 63 
280,285 92 

$326,603 55 
43,502 84 

$283,100 71 
54,564 39 



sources, . 



$18,382 25 



$119,308 26 
899 70 



$228,536 32 

18,119 34 

16,925 23 

3,211 74 

299 60 



$267,092 23 



,696 75 



$118,408 56 
20,018 00 
60,813 20 
14,200 87 
4,725 85 
14,684 89 
258 29 



$233,109 66 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

.$28,445,971 00 f 277,814 84 
. 29,179,435 00 280,285 92 



Total, 

Deduct risks expired and terminated, 

In force at end of year, , 

Perpetual risks in force (not incPd above), 



. $57,625,406 00 $558,100 76 
. 31,206,370 00 299,132 57 



.$26,419,036 00 $258,968 19 
$11,439,064 00 $253,483 69 



Miscellaneous. 
Premiums received from organization of company, , 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, . - . 



$2,830,344 00 

1,519,408 00 

99,694 00 

480,660 00 

20,000 00 

47,725 00 



272 



MERCHANTS INSURANCE CO. 



"MERCHANTS 1 INSURANCE COMPANY OF NEWARK, 1 ' 

NEWARK, N. J. 

[Incorporated Feb. 18, 1858. Commenced business April 18, 1858.] 

Paid-up Capital, $400,000. 

G. LEE STOUT, President. J. R. MULLIKIN, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $25,000 00 $27,500 00 

New Jersey Southern Railroad bonds, . . 30,000 00 31,200 00 

Long Branch & Sea Shore Railroad bonds, . 5,000 00 5,400 00 

Midland Railroad of New Jersey bonds, . . 100,000 00 117,000 00 

Newark & Bloomfleld Horse Car R R. bonds, . 10,000 00 10,600 00 

Belleville & Newark Horse Car R.R. bonds, . 1,000 00 1,080 00 

Irvington & Newark Horse Car R.R. bonds, . 3,000 00 3,150 00 

American Dock and Improvement bonds, . 50,000 00 57,250 00 

Long Branch school bonds, .... 9,000 00 9,630 00 

North Hudson County R.R. bonds, . . . 100,000 00 103,000 00 

Newark Gas Company bonds, .... 75,000 00 93,000 00 

Newark Pass. Railroad Company bonds, . . 25,000 00 26,250 00 

Elizabeth City bonds, 50,000 00 46,500 00 

Underwriters 1 Prot. Asso'n, Newark, bonds, . 500 00 500 00 

Warren Railroad Company stock, . . . 36,050 00 59,482 50 

United New Jersey R.R. & Canal Co. stock, . 15,000 00 35,625 00 

Morris & Essex R.R. stock, .... 25,000 00 41,000 00 



Securities held as collateral for cash loans 

Newark Gas Co. bonds, . 

Central Trust Co. (N. Y.) certificate, 



$559,550 00 $668,167 50 



Market Value. Loaned Thereon. 

$18,600 00 |13,000 00 
4,480 00 3,500 00 



3,080 00 $16,500 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $356,594 04 

Loans on mortgage of real estate (first liens *), 272,050 00 

Interest due or accrued thereon, . . . 4,890 19 

Stocks and bonds, as per schedule, . . . 668, 167 50 

Loans on collateral security, as per schedule, . 16,500 00 

Cash in the office of the company, . . . 10,955 53 

Cash deposited in bank, 59,909 55 

Interest clue and accrued, 4,117 55 

Premiums in course of collection (gross), . 172,965 92 

* Value of lands mortgaged . . $264,250 00 

Value of buildings thereon, 412,750 00 

Amount of insurance held as collateral, ..... 345,550 00 



merchants' INSURANCE CO. 



273 



Rents due, 

Reinsurance on losses, already paid, 
Prem's more than three mos. due, 
Gross assets, . 



5,343 12 



,587 63 
22 48 



$1,567,760 39 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid lossses, . 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
State and local taxes, 
Commissions and brokerage, . 
Return premiums, .... 
Reinsurance, ..... 

Miscellaneous, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, 



$31,971 80 
60,177 80 
11,817 18 

$103,966 78 
2,571 51 

$101,395 27 

692,583 78 

379 00 

83 08 

1,742 74 

26,880 12 

24,041 55 

5,789 18 

5,840 57 



858,735 29 



,025 10 
400,000 00 

. $309,025 10 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from all other sources, 

Gross cash income, 



$139,917 03 
6,833 71 

$133,083 32 
1,141,227 57 

$1,274,310 89 
174,475 33 

$1,099,835 56 
212,309 63 



sources, 



$887,525 93 
15,429 39 
39,674 41 
16,757 47 

$959,387 20 



274 



MERCHANTS INSURANCE CO. IN PROVIDENCE. 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for redemption of scrip, 

Interest paid scrip holders, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, .... 



$512,870 69 
32,065 99 



$480,804 70 

32,000 00 

6 00 

1 44 

166,869 62 

52,085 86 

34,723 38 

120,530 20 

$887,021 20 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$122,562,818 00 $1,340,964 04 
105,836,393 00 1,141,227 57 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$228,399,211 00 $2,482,191 61 
96,255,337 00 1,094,206 35 



$132,143,874 00 $1,387,985 26 
6,544,093 00 56,961 29 



$125,599,781 00 $1,331,023 97 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$15,289,402 00 

8,725,916 00 

469,776 00 

964,219 00 

32,000 00 

90,450 00 



"MERCHANTS' INSURANCE COMPANY IN PROVIDENCE," 

PROVIDENCE, R. I. 

[Incorporated May, 1851. Commenced business July, 1851.] 
Paid-up Capital, $200,000. 

W. T. BARTON, President. W. P. GOODWIN, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

200 shares Chicago & Northwestern R.R. Co., $20,000 00 $20,400 00 

200 " New York Central Railroad Co., . 20,000 00 18,800 00 

100 " Illinois Central Railroad Co., . 10,000 00 9,300 00 

100 " Michigan Central Railroad Co., . 10,000 00 9,300 00 



MERCHANTS INSURANCE CO. IN PROVIDENCE. 



275 



1,600 shares National Bank of Commerce, 
1,000 " American National Bank, 
400 " Merchants 1 National Bank, 
200 " Globe National Bank, . 
550 " Providence Gas Company. 
200 " Phenix National Bank, . 
257 " , Mechanics' National Bank, 
102 " Manufacturers 1 National Bank, 
100 " St. Paul & Duluth Railroad, 
5 " Underwriters 1 Salvage Company, 
Chicago, Burlington & Northern R R. bonds, 
Eastern Railroad of Minnesota bonds, 
Lowell Street Railway Company bonds, . 
Minneapolis Street Railway Company bonds, 
Watchcmoket Fire District bonds, . 
United States bonds, 



Par Value. 

$80,000 00 
50,000 00 
20,000 00 
10,000 00 
27,500 00 
10,000 00 
12,850 00 
10,200 00 
10,000 00 
500 00 
10,000 00 
10,000 00 
5,000 00 
5,000 00 
10,000 00 
25,000 00 



Market Value. 

$65,600 00 
43,500 00 
25,200 00 
10,700 00 
46,750 00 
14,600 00 
13,621 00 
14,280 00 
8,500 00 

10,300 00 
10,400 00 
5,000 00 
4,750 00 
10,400 00 
27,625 00 



$356,050 00 $369,026 00 



Securities held as collateral for cash loans : — 

New Haven & Derby Railroad bonds, 
Wisconsin Central Improvement bonds, . 
13 shares Boston & Providence Railroad, 
5 shares National Bank of Commerce, . , 



Market Value. Loaned Thereon. 

$4,400 00^| 

1,700 00 

3,380 00 

205 00 



Summary of Assets Dec 

Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets,f 



31, 1896. 

$92,750 00 

955 04 

369,026 00 

7,065 50 

1,645 95 

57,193 38 

2,095 83 

35,330 80 



$7,065 50 



),685 00 $7,065 50 



$566,062 50 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
State and local taxes, .... 
Commissions and brokerage, . 



$4,198 63 

17,056 42 

193,842 86 

289 59 

2,606 39 



* Value of lands mortgaged, ....... $105,000 00 

"Value of buildings thereon, 197,000 00 

Amount of insurance held as collateral, 134,000 00 

{ Including $50,000 special reserve fund held under Rhode Island law. 



276 



MERCHANTS' INSURANCE CO. IN PROVIDENCE. 



Office furniture, .... 

Reinsurance disallowed, . . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . . 



Surplus over capital, . 



$3,900 00 
166 82 



$222,060 71 

$344,001 79 
200,000 00 

$144,001 79 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $39,073 66 
Same not collected, 319 32 



Net collected, $38,754 34 

Premiums on risks written or renewed, . . 318,059 05 

Total, $356,813 39 

Premiums now in course of collection, . . 35,330 80 

Entire premiums collected, .... $321,482 59 
Less reinsurance and return premiums, . . 46,656 11 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 



$274,826 48 

4,630 10 

17,624 82 



$297,081 40 



Expenditures. 

Cash paid for fire losses, $128,005 65 

Deduct salvage and reinsurance, . . . 5,406 03 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, 

for premiums charged to profit and loss, 

Gross cash expenditures, 



$122,599 62 

12,000 00 

52,085 43 

42,035 92 

7,673 36 

2,228 83 

$238,623 16 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

.$32,279,946 00 $379,837 51 
. 26,753,845 00 ■ 318,059 05 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.$59,033,791 00 $697,896 56 
. 26,037,831 00 311,898 68 



. $32,995,960 00 $385,997 88 
672,417 00 7,822 89 



. $32,323,543 00 $378,174 99 



MICHIGAN FIRE AND MARINE INSURANCE CO. 



277 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . . . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Company's stock owned by directors, .... 



|3,073,866 00 

5,314,371 00 

123,191 00 

734,000 00 

12,000 00 

44,100 00 



"MICHIGAN FIRE AND MARINE INSURANCE COMPANY," 

DETROIT, MICH. 

[Incorporated February, 1881. Commenced business March, 1881.] 

Paid-up Capital, $400,000. 

D. WHITNEY, Jr., President. F. H. WHITNEY, Secretary. 



Detailed Statement of Stocks and Bonds. 

Tar Value. 

People's Savings Bank stock, . . . . $ 5,000 00 

Cheboygan County bonds, . . . . 12,500 00 

Detroit city bonds, . . « . . . . 10,025 00 

Marquette city bonds, 32,000 00 



Securities held as collateral for cash loans : — 
Deed of real estate, 



Market Value. 

$8,500 00 

12,500 00 

10,025 00 

33,600 00 



$59,525 00 $64,625 00 



Market Value. Loaned Thereon. 

$10,000 00 $3,225 60 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross) , 
Bills receivable for fire risks, . 

Gross assets, 



31, 1896. 

$73,909 13 

556,837 68 

18,420 56 

64,625 00 

3,225 60 

13,144 66 

24,090 23 

1,217 30 

54,921 67 

416 06 



$810,807 89 



* Value of lands mortgaged, $980,467 00 

Value of buildings thereon, 554,650 00 

Amount of insurance held as collateral, . . . . . 351,280 00 



278 



MICHIGAN FIRE AND MARINE INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, . . . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



$7,248 72 

4,188 75 

1,900 00 

210,708 21 

11,317 89 
3,418 73 
1,699 86 
2,418 99 



8242,901 15 



. $567,906 74 
400,000 00 



Surplus over capital, 



. $167,906 74 



Income. 

Fire premiums outstanding Dee. 31, 1895, . $61,908 46 
Premiums on risks written or renewed, . . 344,402 03 

Total, $406,310 49 

Premiums now in course of collection, . . 55,337 73 

Entire premiums collected, .... $350,972 76 
Less reinsurance and return premiums, . . 70,222 24 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



Gross cash income, 



,750 52 

35,233 54 

3,937 81 

361 47 

$320,283 34 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 
Net cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 



,383 05 
8,540 59 



$159,842 46 
36,000 00 
51,665 75 
15,111 84 
16,216 40 
28,906 16 



Gross cash expenditures, 



. $307,742 61 



MIDDLESEX MUTUAL ASSURANCE CO. 



279 



Risks and Premiums. 

Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Premium 

.$38,063,216 00 $471,950 92 
. 27,728,173 00 344,402 03 



.$65,791,389 00 $816,352 95 
. 29,661,167 00 378,344 73 



$36,130,222 00 $438,008 22 
1,735,986 00 21,602 36 



. $34,394,236 00 $416,405 86 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (9 per cent.), . 

Company's stock owned by directors, 



$5,453,743 00 

2,930,739 00 

146,742 00 

218,000 00 

36,000 00 

207,950 00 



"MIDDLESEX MUTUAL ASSURANCE COMPANY," MIDDLE- 
TOWN, CONN.* 

[Incorporated June 2, 1836. Commenced business June 13, 1836.] 
O. VINCENT COFFIN, President. C. W. HARRIS, Secretary. 



Detailed Statement of Stocks 

Middletown, Conn., town bonds, 

Portland, Conn , town bonds, . . . 

Jeffersonville, Ind , city bonds, 

Evansville, Ind., city bonds, .... 

Delaware & Hudson Canal Company bonds, . 

American Water Works bonds, 

Nebraska Loan & Trust Company bonds, 

N. Y., New Haven & Hartford Railroad bonds, 

200 shares N.Y. Cent. & Hudson River R.R., . 

250 

400 

200 

300 

150 

40 

85 

30 

10 



Chic, Rock Island & Pacific R.R., . 
New York, New Haven & Hart, R.R., 
Chicago, Burlington & Quincy R.R., 
Chicago & Northwestern Railroad, 
Middletown National Bank, Conn., 
First Natl Bank, Middlet'n, Conn., 
Middlesex Co.N'l B'k, Middletown, 
Central Nat'l Bank, Middletown, . 
First National Bank, Portland, 



and Bonds. 

Par Value. 

$33,000 00 

100,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

81,000 00 

15,000 00 

20,000 00 

25,000 00 

40,000 00 

20,000 00 

30,000 00 

11,250 00 

4,000 00 

8,500 00 

2,250 00 

1,000 00 



Market Value. 

$33,000 00 

100,000 00 

10,000 00 

5,000 00 

14,200 00 

8,000 00 

81,000 00 

20,250 00 

18,400 00 

16,375 00 

70,800 00 

13,850 00 

35,600 00 

15,000 00 

4,000 00 

7,650 00 

2,400 00 

1,000 00 



$426,000 00 $456,525 00 



A mutual company. 



280 



MIDDLESEX MUTUAL ASSURANCE CO. 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $200,000 00 

Loans on mortgage of real estate (first liens *), 55,000 00 

Stocks and bonds, as per schedule, . . . 456,525 00 

Cash deposited in bank, . . . . 20,579 50 

Premiums in course of collection (gross), . 21,709 33 

Gross assets, ...... $753,813 83 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, ; 

Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 



$7,343 90 

4,389 66 

1,300 00 

173,674 00 

3,060 32 

5,427 33 

106 50 



195,301 71 



. $558,512 12 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $ 18,333 34 
Premiums on risks written or renewed, . . 104,060 94 

Total, . . . . . . . $122,394 28 

Premiums now in course of collection, *. . 21,709 33 

Entire premiums collected, . . . . $100,684 95 
Less reinsurance and return premiums, . . 7,809 67 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 

Gross cash income, 



|92,875 28 

1,350 00 

21,639 15 

9,964 16 

$125,828 59 



Expenditures. 
Cash paid for fire losses, . . . . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for general expenses, 

Gross cash expenditures, .... 



$65,283 86 

14,436 23 

14,300 00 

5,908 67 

12,560 87 

$112,489 63 



* Value of lands mortgaged, . . 
Value of buildings thoreon, 
Amount of insurance held as collateral, 



$27,800 00 
158,200 00 
90,650 00 



millers' and manufacturers' INSURANCE CO. 



281 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 



Net amount in force, 



$40,249,277 00 
14,024,466 00 

$54,273,743 00 
12,770,441 00 

,503,302 00 
23,250 00 



Premiums. 



321,217 82 
104,060 94 



5,278 76 
86,815 74 



$338,463 02 
308 44 



$41,480,052 00 $338,154 58 



Miscellaneous. 



Losses paid from organization of company, 
Fire losses incurred during the year, 



$897,544 00 
65,283 00 



"MILLERS' AND MANUFACTURERS 1 INSURANCE COMPANY," 

MINNEAPOLIS, MINN.* 

[Reincorporated July 1, 1891. Commenced business August, 1865.] 
C. B. SHOVE, President. F. S. DANFORTH, Secretary. 



Detailed Statement of Stocks and Bonds. 



First National Bank, Minneapolis, . 
Nicollet National Bank, Minneapolis, 
National Bank of Commerce, Minneapolis, 
Merchants' National Bank, St. Cloud, 
Globe Fire Insurance Company, New York, 
Hardwood Manufacturing Co., Minneapolis, 
Northwestern Consolidated Milling Co. bonds 



Securities held as collateral for cash loans : — 

Merriman Barrows Company stock, 
Mortgage bonds, 



Par Value. 

$13,000 00 

17,000 00 

5,000 00 

1,000 00 

5,000 00 

10,000 00 

2,000 00 



Market Value. 

$13,000 00 
17,000 00 
5,000 00 
1,000 00 
5,000 00 
10,000 00 
2,000 00 



$53,000 00 $53,000 00 



Market Value. Loaned Thereon. 

$20,000 00 $10,000 00 
9,000 00 6,500 00 



$29,000 00 $16,500 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $68,625 00 

Loans on mortgage of real estate (first liens f), 41,800 00 

Interest due or accrued thereon, . . . 1,482 50 

* A mutual company. 

f Value of property mortgaged $62,000 00 

Amount of insurance held as collateral, . ... . . 12,100 00 



282 



MILLERS AND MANUFACTURERS INSURANCE CO. 



Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . . . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, ..... 



$53,000 00 

16,500 00 

4,172 70 

22,938 44 

1,925 75 

20,767 32 

151 91 



1231,363 62 



Liabilities. 
Losses adjusted, unpaid, .... 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 
Gross liabilities, .... 

Surplus as regards policy holders, . 



$19,224 14 

3,250 00 

92,624 74 

1,308 38 

3,559 47 



119,966 73 



$111,396 89 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $7,414 96 

Premiums on risks written or renewed, . . 220,919 53 

Total, . $228,334 49 

Premiums now in course of collection, . . 20,767 32 

Entire premiums collected, .... $207,567 17 
Less reinsurance and return premiums, . . 29,589 92 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Income from all other sources, 



$177,977 25 

1,051 52 

3 50 



Gross cash income, $179,032 27 



Expenditures. 

Cash paid for fire losses, . . 

Cash dividends paid, 

Cash paid for redemption of scrip, . 

for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
for rent and incidentals, . 



,674 93 

17,572 38 

5 50 

11,310 81- 

18,737 00 

1,334 16 

20,006 76 



Gross cash expenditures, 



$159,641 54 



MILWAUKEE MECHANICS INSUEANCE CO. 



283 



Risks and Premiums. 

Fire risks outst'g Dec. 31, 1895, $6,736,158 00 
Fire risks written during 1896, . 9,830,245 00 



Total, .... $16,566,403 00 

Deduct risks expired and t'ni'd, 6,405,088 00 



In force at end of year, . . $10,161,315 00 
Deduct amount reinsured, . 310,775 00 



Cash Prera's. Contlng't Prcm's. 

$138,323 09 $402,413 85 
220,919 53 131,958 92 



$359,242 62 $5*34,372 77 
166,836 20 170,288 38 



$192,406 42 $364,084 39 
7,118 93 



Net amount in force, . . $9,850,540 00 $185,287 49 



Miscellaneous. 

Losses paid from organization of company, . 
Fire losses incurred during the year, 



$967,398 00 
93,304 00 



"MILWAUKEE MECHANICS' INSURANCE COMPANY," 
MILWAUKEE, WIS. 

[Incorporated Feb. 15, 1852. Commenced business April 1, 1852.] 

Paid-up Capital, $200,000. 

CHRISTIAN PREUSSER, President, ADOLF J. CRAMER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Milwaukee County bonds, .... $23,000 00 $25,300 00 

Milwaukee city bonds, 272,000 00 290,940 00 

Brown County, Wis., bonds, . . . . 28,000 00 29,680 00 

Oshkosh City, Wis, bonds, .... 21,00000 22,19000 

La Crosse City, Wis., bonds, .... 35,000 00 37,100 00 

St. Paul, Minn., bonds, 225,000 00 251,500 00 

Ramsey County, Minn., bonds, . . . 100,000 00 110,000 00 

Mil Underwriters' Building Asso. stock, . 2,035 00 2,192 20 

Sanitary Dist. of Chicago bonds, . . . 50,000 00 52,875 00 



$756,035 00 $821,777 20 



Summary of Assets Dec. 31, 1896. 
Cash value of unencumbered real estate, . $45,000 00 
Loans on mortgage of real estate (first liens*), 1,209,011 38 
Interest due or accrued thereon, . . . 39,471 02 

Stocks and bonds, as per schedule, . . . 821,777 20 

* Value of lands mortgaged, $1,834,240 00 

Value of buildings thereon, 1,088,080 00 

Amount of insurance held as collateral, .... 637,250 00 



284 



MILWAUKEE MECHANICS* INSURANCE CO. 



Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$34,553 54 

85,136 72 

5,930 75 

159,486 32 



>,400,366 93 



Liabilities. 

Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, . . . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reserve for reinsurance, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . ... 



Surplus oyer capital, . 



$10,169 26 
25,371 00 
10,450 00 

817,299 68 
31,897 26 
51,453 91 



946,641 11 

,453,725 82 
200,000 00 

.,253,725 82 



$136,182 52 
1,209,356 73 

11,345,539 "25 
159,486 32 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, . . . 

Interest received on mortgages, . . 

Oct 7 

Interest and dividends received from all other sources, . 

Income from rents, 

" Conscience fund," 



.,186,052 93 
226,041 11 



,011 82 

59,104 78 

36,042 85 

300 00 

5 00 



Gross cash income, 



. $1,055,464 45 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, .... 



,546 49 
54,608 81 



$453,937 68 
70,000 00 
250,724 61 
63,792 68 
36,178 88 
64,261 56 

$938,895 41 



MUTUAL FIRE INSURANCE CO. IN THE CITY OF NEW YORK. 285 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during- 1896, 



Risks and Premiums. 

Premiums. 

$113,164,407 00 $1,534,887 36 
. 87,735,599 00 1,209,356 73 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$200,900,006 00 $2,744,244 09 
. 76,223,309 00 1,098,548 46 



$124,676,697 00 $1,645,695 63 
. 8,304,934 00 102,408 42 



$116,371,763 00 $1,543,287 21 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (35 per cent ), 

Company's stock owned by directors, . 



$12,347,169 00 

6,171,124 00 

418,955 00 

590,000 00 

70,000 00 

82,410 00 



"MUTUAL FIRE INSURANCE COMPANY IN THE CITY OF 

NEW YORK,' 1 N. Y. 

[Incorporated Feb. 1, 1869. Commenced business June 19, 1882.] 

Paid-up Capital, $225,000. 

R. A. LOEWEXTHAL, President. WM. A. FRANCIS, Secretary. 



Detailed Statement of Stocks 



United States bonds, .... 

District of Columbia bonds, 
Chicago, Rock Island & Pacific R.R. bonds, 
Chicago & Northwestern Railroad bonds, 
280 shares Mercantile National Bank, 
117 
200 
118 
15 
100 



Importers' & Traders' Nat'l Bank, 
Citizens' National Bank, 
Columbia Bauk, 
National Park Bank, 
Fire Asso. of New York, 



and Bonds. 

Par Value. 

$312,000 00 

228,500 00 

25,000 00 

16,000 00 

28,000 00 

11,700 00 

5,000 00 

11,800 00 

1,500 00 



Market Value. 

$369,555 00 

258,205 00 

32,500 00 

18,040 00 

51,800 00 

64,350 00 

7,000 00 

26,550 00 

4,275 00 

125 00 



$639,500 00 $832,400 00 



Summary of Assets Dec. 31, 1896. 
Stocks and bonds, as per schedule, . . . $832,400 00 
Cash in the office of the company, . . .' 4,317 15 

Cash deposited in bank, 111,428 24 



286 MUTUAL FIRE INSURANCE CO. IN THE CITY OF NEW YORK. 



Interest due and accrued, .... 
Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



$6,000 00 
94,319 76 



.,048,465 15 
46,400 00 



Balance, $1,002,065 15 



Liabilities. 

Losses claimed and reported, .... $48,368 53 

Losses disputed or resisted, .... 1,000 00 

Unearned premiums on outstanding risks, . 288,138 43 

Due for borrowed money, .... 200,000 00 

Commissions and brokerage, .... 9,600 00 

Gross liabilities, except capital, . . $547,106 96 

Deduct liability on special deposits, . . 11,421 97 

Surplus as regards policy holders, 

Paid-up capita], $225,000 00 

Scrip outstanding, not ordered to be redeemed, 323,063 00 

Impairment of scrip, 



535,684 99 

$466,380 16 

548,063 00 

$81,682 84 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $ 92,743 30 

Premiums on risks written or renewed, . . 841,671 53 

Total, $934,414 83 

Premiums now in course of collection, . . 94,319 76 

Entire premiums collected, .... $840,095 07 

Less reinsurance and return premiums, . . 286,066 80 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



Gross cash income, 



$554,028 27 
26,878 41 

$580,906 68 



Expenditures. 
Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash dividends paid, 
Interest paid scrip holders, 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, 



,827 31 
29,593 31 



$371,234 00 
21,944 28 

15.749 43 
105,700 82 

85.750 02 
23,330 16 
64,085 63 

$687,800 34 



NATIONAL FIRE INSURANCE CO. 



287 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

,965,027 00 $679,202 32 
59,329,219 00 841,671 53 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$120,294,246 00 $1,520,873 85 
79,332,205 00 935,488 99 



$40,962,041 00 $585,384 86 
1,395,767 00 15,306 99 



,566,274 00 $570,077 87 



Miscellaneous. 

Premiums received from organization of company, . . $9,728,802 00 

Losses paid from organization of company, .... 6,292,221 00 

Fire losses incurred during the year, 337,292 00 

Cash dividends declared from organization of company, . 825,658 00 

Dividends declared during the year, 21,944 28 

Company's stock owned by directors, ..... 100,253 00 



"NATIONAL FIRE INSURANCE COMPANY OF HARTFORD," 

HARTFORD, CONN. 

[Incorporated Nov. 27, 1871. Commenced business Dec. 1, 1871.] 

Paid-up Capital, $1,000,000. 

JAMES NICHOLS, President. E. G. RICHARDS, Secretary. 



Detailed Statement of Stocks and Bonds. 



Atchison, Topeka & Santa Fe R'y bonds, 
Bangor & Aroostook R.R. Co. bonds, 
Bristol & Plainville Tramway Co. bonds, 
Buffalo Railway Co. bonds, 
Cedar Rapids, la. Falls & Northw'n R'y b'ds, 
Chesapeake & Ohio R'y bonds, 
Chicago, Burlington & Quincy R.R bonds, 
Chicago & Indiana Coal R'y Co. bonds, . 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Chicago & Northwestern R R. bonds, 
Chicago & Western Indiana R.R. bonds, . 
Cincinnati, Da} ton & tronton R.R. bonds, 
Cincinnati, Hamilton & Dayton R.R. bonds, 
Cin., Indianapolis, St. Louis & Chic. R R. b'ds 
Cleve., Col., Cin. & Indianapolis R.R. bonds, 
Cleveland, Loraine & Wheeling R.R. bonds, 



Par Value. 

$11,500 00 
25,000 00 
10,000 00 
25,000 00 
48,000 00 
20,000 00 
46,200 00 
25,000 00 
60,000 00 
19,000 00 
18,000 00 
10,000 00 
15,000 00 
35,000 00 
35,000 00 
35,000 00 



Market Value. 

$7,450 00 
25,000 00 
10,000 00 
26,250 00 
50,400 00 
17,400 00 
49,240 00 
25,000 00 
68,700 00 
21,280 00 
18,900 00 
10,500 00 
17,700 00 
31,300 00 
44,800 00 
36,050 00 



288 



NATIONAL FIRE INSURANCE CO. 



Columbus & Hocking Valley R.R. bonds, 
Columbus, Sandusky & Hocking R.R. bonds, 
Columbus, Sandusky & Hocking R.R. scrip, 
Columbus & Toledo R.R. Co. bonds, 
Danbury & Norwalk R.R. bonds, 
East Tenn , Virginia & Georgia R.R. bonds, 
Erie Railway Co. bonds, . . 
Evansville & Terre Haute R.R. bonds, 
Evansville, Terre Haute & Chicago R'y bonds 
Hannibal & St. Joseph Railroad bonds, . 
Hartford & Connecticut Western R.R. bonds, 
Houston & Texas Central R.R. bonds, 
Huntingdon & Broad Top Mt. R.R. & Coal Co 
Indiana & Lake Michigan Ry. Co. certificates 
Kanawha & Michigan Railway Co. bonds, 
Knoxville & Ohio Railroad bonds, . 
Louisville, New Albany & Chicago Ry. bonds 
Louisville & Nashville Railroad bonds, . 
Memphis & Charleston Railroad Co. cert's, 
Mobile & Ohio Railroad Company bonds, 
Montana Central Railway Company bonds, 
Morgan's La. & Texas R.R. & S S. Co. bonds, 
Naumkeag Street Railway Company bonds, 
New York, New Haven & Hartford R R cert's 
Nodaway Valley Railroad Company bonds, 
Norfolk & Western Railroad certificates, 
Northern Pacific Railroad Company bonds, 
Oregon Railway & Navigation Co. bonds, 
Philadelphia & Reading Coal & Iron Co. b'ds 
Piedmont & Cumberland Railway Co bonds 
Rochester & Pittsburgh Railroad bonds, . 
Sandusky, Mansfield & Newark R.R. bonds, 
St. Paul, Minneapolis & Manitoba R.R. bonds 
St. Paul & Northern Pacific Railway bonds, 
St Louis, Alton & Terre Haute R.R. bonds, 
Seattle, Lake Shore & Eastern Ry. Co. cert's, 
Toledo & Ohio Central Railway Co. bonds, 
Union Pacific Railroad certificates, . 
Wabash Railroad Company bonds, . 
West Chicago Street R.R. Tunnel Co. bonds, 
West Va. Central & Pittsburg Ry. Co. bonds, 
Galveston city bonds, 
Georgia State bonds, 
Helena city bonds, 
Lincoln city bonds, . 
Meriden town bonds, 
New Britain city bonds, . 
Richmond city bonds, 



Par Value. 

$10,000 00 
20,000 00 

3,264 20 
38,000 00 
10,000 00 
30,000 00 
20,000 00 
10,000 00 
10,000 00 
50,000 00 
10,000 00 
25,000 00 
25,000 00 
10,003 00 
15,000 00 
20,000 00 
35,000 00 
10,000 00 
20,000 00 
13,000 00 
20,000 00 
10,000 00 
20,000 00 
30,000 00 

6,000 00 
22,000 00 

4,000 00 
20,000 00 
12,000 00 
25,000 00 
25,000 00 
40,000 00 
10,000 00 
35,000 00 
25,000 00 
20,000 00 
65,000 00 
30,000 00 
20,000 00 
35,000 00 
50,000 00 
25,000 00 
25,000 00 
20,000 00 
12,000 00 
10,000 00 

6,000 00 
66,900 00 



Market Value. 

$10,000 00 

4,000 00 
847 00 
41,120 00 
11,000 00 
31,500 00 
27,000 00 

9,000 00 
10,000 00 
57,500 00 
10,000 00 
25,000 00 
26,000 00 

8,000 00 
11,400 00 
22,400 00 
37,250 00 
11,600 00 
20,000 00 
15,080 00 
22,800 00 
12,000 00 
20,000 00 
39,900 00 

6,120 00 
12,100 00 

4,000 00 
22,000 00 
12,000 00 
25,000 00 
28,750 00 
41,600 00 
11,600 00 
42,000 00 
25,750 00 

7,600 00 
66,850 00 
30,000 00 
21,000 00 
35,000 00 
52,500 CO 
25,000 00 
27,500 00 
21,400 00 
12,240 00 
10,000 00 

6,000 00 
69,942 00 



NATIONAL FIRE INSURANCE CO. 



289 



Brooklyn Wharf and Warehouse Co bonds, 
Galveston Wharf Co bonds, . 
School Dist. No. 2, Springw's Tp., Mich , bMs 
Snffield & Thompsonville Bridge Co. bonds, 
AVest Middle School District, Hartford, bonds 
United States bonds, .... 

45 shares Atchison, Topeka & Santa Fe R.R 
300 " Belt R.R. & Stock Yard Co., Ind'lis 
200 " Cleveland & Pittsburgh Railroad, 
120 " Chicago, Burlington &Quincy R.R. 
330 " Chicago, Rock Island & Pacific R R, 
200 " Ft. Wayne & Jackson Railroad, 
167 " Illinois Central Railroad, 
750 " N. Y., New Haven & Hartford R.R. 
200 " New York & Harlem Railroad. 
500 " N. Y. Central & Hudson River R.R. 
100 " Oswego & Syracuse Railroad, 
760 " Pennsylvania Railroad, . 
100 " Peoria & Bureau Valley Railroad 
200 " Pitts., Fort Wayne & Chicago R.R. 
250 " jEtna National Bank, 

70 " Boston National Bank, Boston, 
195 " Charter Oak National Bank, . 

50 " Central National Bank, N. Y , 

40 " City Bank 

100 " Fanners' and Mechanics' N'l Bank 

30 " First National Bank, Meriden, 
509 " Hartford National Bank, 

50 " Mercantile National Bank, 
300 " National Exchange, 

75 " Nat'l Bank of the Republic, Boston 

10 " N'l Bank of Commerce, Kan. City 
450 " Phoenix National Bank, . 

70 " St. Paul National Bank, . 

25 " Second National Bank, New Haven 
100 " Thames National Bank, Norwich, 
207 " Hartford City Gas Light Co., 
500 " Northwestern Telegraph Co , 
400 " Willimantic Linen Company, 



Par Value. 

$50,000 00 
25,000 00 
12,000 00 
28,000 00 
26,000 00 
50,000 00 

4,500 00 
15,000 00 
10,000 00 
12,000 00 
33,000 00 
20,000 00 
16,700 00 
75,000 00 
10,000 CO 
50,000 00 

5,000 00 
38,000 00 
10,000 00 
20,000 00 
25,000 00 

7,000 00 
19,500 00 

5,000 00 

4,000 00 
10,000 00 

3,000 00 
50,900 00 

5,000 00 
15,000 00 

7,500 00 

1,000 00 
45,000 00 

7,000 00 

2,500 00 
10,000 00 

5,175 00 
25,000 00' 
10,000 00 



Market Value. 

$50,000 00 
25,000 00 
12,600 00 
28,000 00 
26,000 00 
55,000 00 
900 00 
10,500 00 
16,000 00 

7,920 00 
20,790 00 
23,600 00 
14,996 00 
130,500 00 
28,000 00 
45,000 00 

9,750 00 
39,520 00 
16,500 00 
32,000 00 
35,000 00 

5,950 00 
17,550 00 

6,250 00 

4,000 00. 
11,000 00. 

3,750 00. 
70,242 00 

4,000 00. 
18,000 00 
10,125 00 

1,000 00 
54,000 00 

4,200 00 

4,250 00 
14,500 00 

8,280 00 
27,500 00 

6,400 00 



§2,278,639 20 $2,460,892 00 



Summary of Assets Dec 31, 1896. 

Cash value of unencumbered real estate, . $239,911 22 
Loans on mortgage of real estate (first liens *), 770,413 97 
Stocks and bonds, as per schedule, . . . 2,460,892 00 

* Value of lands mortgaged, $1,240,100 00 

Value of buildings thereon, . . . ... . . 1,058,900 00 

Amount of insurance held as collateral, .... 655,700 00 



290 



NATIONAL FIKE INSURANCE CO. 



Cash in office and in bank, 

Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



$269,439 55 
379,603 56 



t,120 7 260 30 

127,500 00 



Balance, $3,992,760 30 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special dex^osits, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$63,752 64 
70,703 44 
37,306 15 
1,806,990 03 
65,268 05 
38,659 85 
73,438 67 

$2,156,118 83 

48,499 48 



2,107,619 35 

£1,885,140 95 

1,000,000 00 

$885,140 95 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $401,115 88 
Premiums on risks written or renewed, . . 2,709,084 26 

Total, $3,110,200 14 

Premiums now in course of collection, . . 379,603 56 

Entire premiums collected, .... $2,730,596 58 
Less reinsurance and return premiums, . . 476,355 82 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, . . . . . . . 



1,254,240 76 

36,639 35 

117,245 58 

>,408,125 69 



Expenditures. 

Cash paid for fire losses, $1,178,726 41 

Deduct salvage and reinsurance, . . . 100,489 35 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for general expenses, 

Gross cash expenditures, .... 



,078,237 06 
100,000 00 
405,095 39 
176,637 93 
64,787 99 
197,223 40 

!,021,981 77 



NATIONAL STANDARD INSURANCE CO. 



291 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$309,282,992 00 $3,812,507 26 
227,517,506 00 2,709,084 26 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$536,800,498 00 $6,521,591 52 
219,096,531 00 2,715,335 98 



117,703,967 00 $3,806,255 54 
18,954,361 00 244,576 89 



f 298,749,606 00 $3,561,678 65 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, .... 



$22,004,716 00 

11,387,139 00 

1,039,425 00 

2,177,000 00 

100,000 00 

71,100 00 



"NATIONAL STANDARD INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated Feb. 14, 1896. Commenced business Feb. 20, 1896.] 

Paid-up Capital, $200,000. 

E. C. CONVERSE, President. R. BLEECKER RATHBONE, Secretary. 

Summary of Assets Dec. 31, 1896. 



United States bonds, 

Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Due from secretary, 

Gross assets, 



$480,000 00 

48,463 26 

2,666 67 

51,813 77 

11,296 89 



$594,240 59 



Losses claimed and reported, 
Less reinsurance, 



Liabilities. 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Gross liabilities, except capital, . 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 



$15,143 54 
1,950 63 

$13,192 91 

119,605 38 

15,544 13 

6,593 62 



154,936 04 

. $439,304 55 
200,000 00 

. $239,304 55 



292 



NEWARK FIRE INSURANCE CO. 



Income. 

Premiums on risks written, .... $318,714 48 

Premiums now in course of collection, . . 51,813 77 

Entire premiums collected, . . . . $266,900 71 

Less reinsurance and return premiums, . . 65,181 75 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$201,718 96 
11,248 32 



Gross cash income, $212,967 28 



Expenditures. 
Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, , 

for incidentals, 



Gross cash expenditures, 



Risks and Premiums. 



Fire risks written during 1896, 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$29,456 27 
1,673 03 


$27,783 24 

65,218 96 

2,470 00 

2,703 58 

3,359 49 


ees, . 


JMS. 

.$34,929,576 00 
. 6,101,940 00 


$101,535 27 

Premiums. 

$318,714 48 
64,628 86 



,827,636 00 
2,365,940 00 



$254,085 62 
14,874 86 



.$26,461,696 00 $239,210 76 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$253,533 00 

27,783 00 

42,927 00 

92,000 00 



•'NEWARK FIRE INSURANCE COMPANY," NEWARK, N. J. 

[Incorporated May 14, 1810. Commenced business May 14, 1810.] 

Paid-up Capital, $250,000. 

JOHN J. HENRY, President. FRANK T. McBRIDE, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, ..... $40,000 00 $44,000 00 

West Shore Railroad bonds, .... 45,000 00 47,050 CO 

Orange & Newark II. C. R.R. bonds, . . 25,000 00 27,500 00 



NEWARK FIRE INSURANCE CO. 



293 



Essex Passenger Railroad bonds, 

Morris & Essex Railroad stock, 

Underwriters' Protective Asso'n bonds, . 

Newark & South Orange H. C. R.R. bonds, 

Newark city water bonds, 

Hoboken Land and Improvement bonds, 

National State Bank stock, 

National Newark Banking Company stock, 

Newark City National Bank stock, . 

Newark & Irvington H. C. R.R. bonds, . 

Newark & Bloomfield H. C. R.R. bonds, . 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross 
Notes taken for fire risks, 
Rents due and accrued, 
Prem's more than three mos. due, $3,022 81 
Gross assets, 

Liabilities 
Losses adjusted, unpaid, . 

claimed and reported, 

disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid, 
State and local taxes, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, , 
Paid-up capital, .... 



Par Value. 

$5,000 00 
20,000 00 

1,000 00 
20,000 00 

3,900 00 
25,000 00 
15,900 00 

7,700 00 
13,250 00 

2,000 00 

2,000 00 



Market Value. 

$5,500 00 
32,800 00 

1,000 00 
20,000 00 

3,978 00 
26,250 00 
24,645 00 
12,705 00 
20,537 50 

2,080 00 

2,100 00 



Surplus over capital, 



* Value of lands mortgaged, . . 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$225,750 00 $270,145 50 

31, 1896. 

$59,000 00 

277,725 00 

4,531 98 

270,145 50 

1,986 77 

31,951 17 

3,694 16 

17,486 16 

220 00 

133 33 

$686,874 07 



$1,798 94 

14,245 31 

1,965 28 

$18,009^53 
1,550 00 

$16,459 53 

120,828 99 

6,444 80 

31 12 

4,341 17 

50 00 



148,155 61 

$518,718 46 
250,000 00 

$268,718 46 



$302,600 00 
467,100 00 
383,475 00 



294 



NEWARK FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, . . 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Gross cash income, . 



Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 



Gross cash expenditures, 



$19,905 03 
149 36 

$19,755 67 
186,111 77 

$205,867 44 
20,728 97 

$185,138 47 
29,029 64 



sources, 



$78,354 58 
5,217 11 



$156,108 83 

14,209 49 

12,627 40 

1,328 26 

$184,273 98 



,137 47 
25,303 20 
30,347 37 
17,847 39 
8,088 56 
11,027 68 

$165,751 67 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during; 1896, 



Risks and Premiums. 

Premiums. 

.$27,940,572 00 $267,476 25 
. 18,823,270 00 186,111 77 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



. $46,763,842 00 $453,588 02 
. 19,800,714 00 201,585 57 



.$26,963,128 00 $252,002 45 
. 1,797,391 00 14,870 59 



.$25,165,737 00 $237,131 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$4,998,901 00 

2,424,028 00 

66,039 00 

790,780 00 

25,000 00 

45,425 00 



NEW HAMPSHIRE FIRE INSURANCE CO. 



295 



"NEW HAMPSHIRE FIRE INSURANCE COMPANY," 
MANCHESTER, N. II. 

[Incorporated 1869. Commenced business April, 1870.] 

Paid-up Capital, $900,000. 

JOHN C. FRENCH, President. GEO. E. KENDALL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Tar Value. Market Value. 

United States government bonds, . . . f 100,000 00 $109,750 00 

City of Cleveland, Ohio, bonds, . . . 50,000 00 52,000 00 

City of Columbus, Ohio, bonds, . . . 10,000 00 11,000 00 

City of Ashtabula, Ohio, bonds, . . . 10,000 00 10,400 00 

City of Dayton, Ohio, bonds, .... 20,00000 21,00000 

City of Salem, Mass., bonds 10,000 00 10,200 00 

City of East Portland, Ore., bonds, . . . 25,000 00 27,000 00 

City of Tacoma, Wash., bonds, . . . 25,000 00 27,000 00 

City of Seattle, Wash , bonds, .... 10,000 00 10,200 00 

City of Lincoln, Neb., bonds, .... 21,00000 21,42000 

City of Topeka, Kan., bonds, .... 500 00 500 00 

City of Moorhead, Minn., bonds, . . . 6,000 00 6,000 00 

Watertown & Rome Railroad bonds, . . 10,000 00 12,000 00 

Maine Central Railroad bonds, . . . 10,000 00 10,600 00 

New York & New England Railroad bonds, . 20,000 00 22,500 00 

Boston, Concord & Montreal Railroad bonds, . 50,000 00 60,000 00 

Concord & Montreal Railroad bonds, . . 100,000 00 103,000 00 

Chicago, Burlington & Quincy Railroad bonds, 48,000 00 49,700 00 

Union Pacific Railroad " trust," . . . 10,000 00 8,000 00 

Oregon Short Line Railroad bonds, . . . 10,000 00 11,000 00 

Chicago & West Michigan Railroad bonds, . 25,000 00 10,000 00 

Chicago, Burlington & Northern R.R bonds, . 5,000 00 5,000 00 

Montana Central Railroad bonds, . . . 25,000 00 25,000 00 

Lehigh Valley Terminal R'y Co. bonds, . . 25,000 00 26,250 00 

Hillsborough County, N. H., bonds, . . . 15,000 00 15,450 00 

Topeka, Kan., Water Supply Co bonds, . . 20,000 00 20,000 00 

Claremont, N. H., water works bonds, . . 5,000 00 5,000 00 

Minneapolis Gas Light Co. bonds, . . . 20,000 00 20,800 00 

Central Loan and Land Co. bonds, . . . 20,000 00 20,000 00 

Johnson Loan and Trust Co. bonds, . . . 9,000 00 5,400 00 

National Loan and Trust Co. bonds, . . . 10,000 00 10,000 00 

Nashua Card and Glazed Paper Co. bonds, . 10,000 00 10,000 00 

Grand Forks Gas and Electric Co. bonds, . . 5,000 00 5,000 00 

Minneapolis General Electric Co bonds, . . 25,000 00 25,000 00 

Swift & Co., Chicago, bonds, .... 25,000 00 25,000 00 

Suncook Valley Railroad stock, . . . 4,000 00 4,800 00 

N. Y. Central & Hudson River R.R. stock, . 20,000 00 18,800 00 

N. Y., New Haven & Hartford RR stock,- . 30,000 00 53,4u0 00 

Norwich & Worcester Railroad stock, . . 5,000 00 9,500 00 



296 



NEW HAMPSHIRE FIRE INSURANCE CO. 



Pemigewasset Valley Railroad stock, 
Boston & Albany Railroad stock, 
Boston & Maine Railroad stock, 
Concord & Montreal Railroad stock, 
Delaware & Hudson Canal Company stock, 
Chicago, Burlington & Quincy Railroad stock 
Chicago & Alton Railroad stock, 
Illinois Central Railroad stock, 
Chicago, Rock Island & Pacific Railroad stock 
Chic. June. R'y & Union Stock Yards Co. stock 
Lake Shore & Michigan Southern R.R. stock 
Chicago & Northwestern Railroad stock, 
Chicago, Milwaukee & St. Paul R R. stock, 
Merchants' Nat'l B'k, Manchester, N. H., stock 
Merchants' Nat'l B'k, Kansas City, Mo., stock 
Pemigewasset Nat'l B'k, Plym'th, N. IT., stock 
Berlin National Bank, Berlin, N. H., stock, 
First Nat'l Bank, Peterborough, N. H., stock, 
First National Bank, Concord, N. H., stock, 
Laconia National Bank, Laeonia, N. H., stock 
Lancaster Trust Co., Lancaster, N. H., stock, 
Exeter Banking Co., Exeter, N. H., stock, 
Amoskeag Mfg. Co , Manchester, N. H., stock 
Manchester Mills, Manchester, N. H., stock, 
Stark Mills, Manchester, N. H., stock, 
Quincy Railroad Bridge Company stock, 
Pullman's Palace Car Company, 
Manchester, N. H., Gas Light Company stock 
American Express Company stock, . 
Adams Express Company stock, 



Par Value. 

$ 26,000 00 

20,000 00 

30,000 00 

20,000 00 

20,000 00 

47,400 00 

20,000 00 

30,000 00 

20,000 00 

20,000 00 

30,000 00 

35,000 00 

20,000 00 

12,000 00 

4,500 00 

6,000 00 

2,500 00 

5,000 00 

7,500 00 

2,500 00 

2,500 00 

1,000 00 

10,000 00 

30,700 00 

10,000 00 

20,000 00 

30,000 00 

1,400 00 

10,000 00 

10,000 00 



Market Value. 

$32,500 00 

40,000 00 

47,000 00 

33,000 00 

25,000 00 

33,180 00 

32,000 00 

27,600 00 

13,400 00 

21,000 00 

46,200 00 

35,000 00 

19,300 00 

15,000 00 

2,700 00 

7,800 00 

3,000 00 

6,500 00 

22,500 00 

2,875 00 

2,500 00 

1,000 00 

16,000 00 

30,700 00 

9,500 00 

33,000 00 

46,200 00 

8,400 00 

11,000 00 

14,500 00 



:,352,500 00 $1,536,625 00 



Securities held as collateral for cash loans 



8 shares Manchester & Lawrence R.R., 
2 " Moline Plough Co., Moline, 111., 
Mortgage notes guaranteed, 
300 shares Swift Refrigerator Trans. Co 
240 " Exeter Manufacturing Co., 
Exeter Manufacturing Co. bonds, . 
72 shares Pittsfield Aqueduct Co., . 
30 " Pittsfield Gas Co., . 
Mortgage note, . . . . 
Toledo Traction Co. bonds, 



Market Value. 

$1,800 00 

2,000 oo : 

7,300 00 

33,000 00 

12,000 00 

12,000 00 

4,500 00 , 

1,800 00 ! 

4,000 00 

39,000 00 



Loaned Thereon. 

$2,700 00 

5,100 00 
25,000 00 
10,000 00 
10,000 00 

5,000 00 

3,300 00 

30,000 00 



$117,400 00 



H,100 00 



NEW HAMPSHIRE EIRE INSURANCE CO. 297 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $64,657 31 

Loans on mortgage of real estate (first liens), 623,429 66 

Stocks and bonds, as per schedule, . . . 1,536,625 00 

Loans on collateral security, as per schedule, . 91,100 00 

Cash in the office of the compan}^, . . . 336 92 

Cash deposited in bank, 108,219 15 

Premiums in course of collection (gross), . 156,842 44 

Gross assets, $2,581,210 48 

Liabilities. 

Losses adjusted, unpaid, $39,861 86 

claimed and reported, .... 51,975 00 

not reported, estimated, . . . 20,000 00 

Unearned premiums on outstanding risks, . 913,657 68 

Commissions and brokerage, .... 31,368 49 

Gross liabilities, except capital, . . 1,056,863 03 



Surplus as regards policy holders, $1,524,347 45 

Paid-up capital, 900,000 00 



Surplus over capital, . . $624,347 45 

Income. 

Fire premiums outstanding Dec. 31, 1895, . $168,061 15 
Premiums on risks written or renewed, . . 1,238,966 42 



Total, $1,407,027 57 

Premiums now in course of collection, ■, . 156,842 44 



Entire premiums collected, .... $1,250,185 13 
Less reinsurance and return premiums, . . 193,290 53 

Net cash fire premiums received, . . . ■ $1,056,894 60 

Interest received on mortgages, 14,441 07 

Interest and dividends received from all other sources, . . 78,093 86 
Received for increased capital, . . . $100,000 00 



Gross cash income, $1,149,429 53 

Expenditures. 

Cash paid for fire losses, $552,861 37 

Deduct salvage and reinsurance, . . . 30,859 17 

Net cash paid for fire losses, .... $522,002 20 

Cash dividends paid, 64,000 00 

Cash paid for commissions and brokerage, .... 229,480 93 



298 



NEW YORK FIRE INSURANCE CO. 



Cash paid for salaries of officers and employees, 
for State and local taxes, 
for general expenses, 

Gross cash expenditures, . 



|49,199 66 
32,563 93 
50,704 32 

$947,951 04 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$128,336,172 00 $1,730,627 15 
105,311,144 00 1,238,966 42 



Total, v 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$233,647,316 00 $2,969,593 57 
99,171,252 00 1,162,443 83 



$134,476,064 00 $1,807,149 74 
5,686,592 00 68,279 06 



$128,789,472 00 $1,738,870 68 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



13,430,680 00 

7,174,547 00 

487,044 00 

892,000 00 

64,000 00 

281,300 00 



"NEW YORK FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April 18, 1832. Commenced business Dec. 22, 1832.] 

Taid-up Capital, $200,000. 

AUGUSTUS COLSON, President. CHARLES A. HULL, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . . . ". . $100,000 00 $110,750 00 
Consolidated stock (New York City), . . 100,000 00 90,000 00 
Brooklyn city bonds, 55,000 00 55,000 00 



.$255,000 00 $255,750 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 

Stocks and bonds, as per schedule, . 

Cash deposited in bank, 

Interest due and accrued, 

Premiums in course of collection (gross), 

Rents due, 

Gross assets, 



$100,000 00 

255,750 00 

14,679 73 

3,236 77 

21,132 75 

75 00 



$394,874 25 



NEW YORK FIRE INSURANCE CO. 



209 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, 



$617 40 

66,742 90 

5,474 02 

3,169 90 



$76,004 22 

$318,870 03 
200,000 00 

$118,870 03 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, .... 

Gross cash income, 



$21,786 43 
158,455 80 

$180,242 23 
21,132 75 

$159,109 48 
25,018 66 



sources, 



$134,090 82 

176 25 

7,002 26 

4,009 04 

$145,278 37 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends jDaicl 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for general expenses, 

Gross cash expenditures, .... 



$20,480 38 
61 96 



|20,418 42 

12,000 00 

12,549 00 

23,350 08 

3,674 63 

5,970 28 

§77,962 41 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1895, . . $12,566,278 00 $118,140 26 
Fire risks written during 1896, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, . 

Net amount in force, . 



. 18,514,198 00 158,455 89 



.$31,080,476 00 $276,596 15 
. 15,387,958 00 140,225 89 



.$15,692,518 00 $136,370 26 
345,780 00 2,884 47 



$15,346,738 00 $133,485 79 



300 



NIAGARA FIRE INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (6 per cent.), 

Company's stock owned by directors, 



$5,460,540 00 

2,439,769 00 

16,147 00 

1,454,000 00 

12,000 00 

69,000 00 



"NIAGARA FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated July, 1850. Commenced business August, 1850.] 
Paid-up Capital, $500,000. 
HAROLD HERRICK, President. GEORGE W. DEWEY, Secretary. 



n Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds ■ . f 65,000 00 $70,850 00 

New York city school bonds, .... 200,000 00 200,000 00 

New York city water bonds, .... 60,000 00 60,000 00 

Jersey City bonds, 10,000 00 10,800 00 

Albany & Susquehanna bonds, . ■ . . . 23,000 00 27,300 00 

Chicago, Mil. & St. P. Railway bonds, . . 25,000 00 29,000 00 

Lake Erie & Western Railway bonds, _' . . 20,000 00 23,200 00 

Morris & Essex Railway bonds, . . . 21,000 00 28,770 00 

Chateaugay Ore & Iron Co. bonds, . . . 25,000 00 12,500 00 

St. Paul (Minn ) Gas Light Co. bonds, . . 15,000 00 15,750 00 

Town of Lake (111.) Gas Co. bonds, . . 20,000 00 20,000 00 

Equitable Gas Light Co., Chicago, bonds, . 25,000 00 24,250 00 

American Dock Improvement bonds, . . 10,000 00 11,500 00 

James River Valley R.R. certificates, . . 25,000 00 10,000 00 

County of Essex, N. J., park bonds, . . 20,000 00 20,400 00 

New York & New England R'y Co. bonds, . 10,000 00 12,000 00 

Wabash Railway Co. bonds 20,000 00 21,000 00 

Ann Arbor Railway Co. bonds, . . . . 10,000 00 7,300 00 

Chic., St. P., Minneapolis Omaha R'y Co. b'nds, 15,000 00 18,750 00 

Chesapeake & Ohio Railway Co. bonds, . . 20,000 00 21,400 00 

New York Central & H. R,. R.R. bonds, . . 5,000 00 5,750 00 

Lehigh & Wilkesbarre Coal Co. bonds, . . 20,000 00 20,600 00 

Brooklyn Union Gas Co. bonds, . . . 10,000 00 10,500 00 

Columbus & Toledo Railway bonds, . . 10,000 00 11,200 00 

Chicago & Erie Railway Co. bonds, . . 20,000 00 22*000 00 

Philadelphia & Reading Railway bonds, . . 20,000 00 16,000 00 

Lehigh Valley Railway bonds, . . . 25,000 00 27,500 00 

Lehigh Coal & Navigation Co. bonds, . . 25,000 00 25,500 00 

350 shares American Exchange National Bank, 35,000 00 59,500 00 

200 " Chicago & Northwestern Railway, . 20,000 00 20,400 00 



NIAGARA FIRE INSURANCE CO. 



301 



20 shares Ann Arbor Railway, 



Tar Value. 

$2,000 00 



300 
134 

50 
200 



Delaware & Hudson Canal Co., 
Western National Bank, . 
Chicago, Milwaukee & St. Paul, 



13,400 00 

5,000 00 

20,000 00 



Market Value. 

$400 00 



N. Y., Lackawanna & Western R'y, 30,000 00 34,500 00 



15,410 00 

5,700 00 

26,000 00 



$899,400 00 $945,730 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Cash in office and bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross) 

Notes taken for fire risks, 

Rents due, 

Due for reinsurance on losses paid, . 

Gross assets, f . 
Deduct special deposits in other States, 

Balance, 



31, 1896. 

$982,000 00 

128,200 00 

1,763 08 

945,730 00 

123,439 17 

4,175 00 

259,517 31 

936 68 

8,372 00 

12,022 39 



$2,466,155 63 
55,000 00 

$2,411,155 63 



Liabilities. 



Total amount of losses, 
Less reinsurance, 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid, . 
Commissions and brokerage, . 

Reinsurance, 

Reserve for contingent liability, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, 



Surplus over capital, . 



|168,510 27 
21,371 75 

$147,138 52 

1,235,674 89 

262 50 

45,415 53 

9,439 30 

50,000 00 

60,968 31 

f 1,548,899 05 
8,697 67 



1,540,201 38 

$870,954 25 

500,000 00 

$370,954 25 



* Total value of property mortgaged, ..... $251,900 00 
Amount of insurance held as collateral, ..... 109,000 00 

t Including $250,000 special reserve fund held under New York law. 



302 



NIAGARA FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 



Entire premiums collected, .... $2,024,753 57 

Less reinsurance and return premiums, . . 461,032 96 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, 

Kec'd for inland salvages in excess of amount paid for losses, 



$191,047 31 

2,093,223 57 

*2,284,270 88 
259,517 31 



Gross cash income, ..... 

Expenditures. 
Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for inland losses, 
Deduct salvage and reinsurance, 
Cash dividends paid, 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, . . . . 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



,563,720 61 

1,355 00 

38,584 11 

19,707 10 

1,690 76 

. $1,625,057 58 



. 8881,121 15 




100,180 40 






$780,940 75 


* 


$648 83 




648 83 




. • • • 


49,996 00 


.... 


305,673 96 


M3S, . 


144,326 06 


• 


37,308 88 


. 


127,533 88 


. 


$1,445,779 53 


JMS. 


Premiums. 


$279,577,658 00 $2,646,427 10 


206,955,622 00 


2,093,223 57 



$486,533,280 00 

190,509,959 00 

$296,023,321 00 

38,171,715 00 



^4,739,650 67 

2,008,338 68 

^2,731,311 99 

378,640 94 



$257,851,606 00 $2,352,671 05 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the } T ear (10 percent.), 
Company's stock owned by directors, .... 



,236,145 00 

21,041,662 00 

753,044 00 

2,434,000 00 

50,000 00 

132,050 00 



NORTHWESTERN NATIONAL INSURANCE CO. 



303 



"NORTHWESTERN NATIONAL INSURANCE COMPANY OF 
MILWAUKEE, WISCONSIN," MILWAUKEE, WIS. 

[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.] 

Paid-up Capital, $600,000. 

ALFRED JAMES, President. WILFORD M. PATTON", Secretary. 



Detailed Statement of Stocks 



United States bonds, 

Chicago, Milwaukee & St. Paul R.R. bonds, 
Milwaukee, L. S. & Western R.R. bonds, 
Milwaukee & Northern Railroad bonds, . 
Chicago & Northwestern Railroad bonds, 
Milwaukee city bonds, .... 
Chicago Sanitary District bonds, 
Waukesha sewerage bonds, 
Chicago, Burlington & Quincy R.R. bonds, 



and Bonds. 

Par Value. 

$200,000 00 

200,000 00 

50,000 00 

50,000 00 

100,000 00 

129,000 00 

50,000 00 

30,000 00 

50,000 00 



Market Value. 

$218,000 00 

213,500 00 

62,500 00 

57,500 00 

116,000 00 

129,150 00 

52,500 00 

31,500 00 

58,000 00 



$859,000 00 $968,650 00 



Summary of Assets Dec. 

Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Gross assets, 



31, 1896. 

$889,156 67 

7,929 21 

968,650 00 

2,224 11 

138,979 51 

2,666 66 

93,451 99 



$2,103,058 18 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding 
Commissions and brokerage, . 
Reinsurance, .... 



risks, 



$5,428 18 

41,727 90 

7,500 00 

$54,656 08 
7,277 02 

$47,379 06 

835,011 53 

23,446 33 

3,628 47 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$2,086,130 00 

1,513,717 00 

782,700 00 



304 



NORTHWESTERN NATIONAL INSURANCE CO. 



Other claims, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, . 

Income. 

Fire premiums outstanding Dec. 31, 1895, . 891,020 18 

Same not collected, 98 48 

Net collected, f 90,921 70 

Premiums on risks written or renewed, . . 929,706 17 

Total, ........ $1,020,627 87 

Premiums now in course of collection, . . 93,451 99 

Entire premiums collected, .... $927,175 88 

Less reinsurance and return premiums, . . 149,147 20 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$885 08 
2,405 05 



$912,755 52 

$1,190,302 66 
600,000 00 

$590,302 66 



?78,028 68 
45,453 95 
46,659 29 



Gross cash income, 



,141 92 



Expenditures. 

Cash paid for fire losses, $337,197 22 

Deduct salvage and reinsurance, . . . 25,797 55 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, . . . . 

Risks and Premiums. 



|311,399 67 
72,000 00 
185,454 89 
84,057 32 
19,755 86 
48,307 48 

$720,975 22 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total,. . . . 
Deduct risks expired and terminated, 

In force at end of year, . , 
Deduct amount reinsured, 



Premiums. 

$135,976,654 00 $1,521,929 37 
. 81,286,678 00 929,706 17 



$217,263,332 00 $2,451,635 54 
. 66,302,182 00 797,490 55 



$150,961,150 00 $1,654,144 99 
. 8,857,100 00 89,739 82 



Net amount in force, . 



$142,104,050 00 $1,564,405 17 



NORWALK FIRE INSURANCE CO. 



305 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire and tornado losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Company's stock owned by directors, .... 



$12,904,277 00 

6,687,211 00 

304,532 00 

1,275,000 00 

72,000 00 

262,500 00 



"NORWALK FIRE INSURANCE COMPANY," NORWALK, CONN. 

[Incorporated 1859. Commenced business May, I860.] 

Paid-up Capital, $200,000. 

ARCHIBALD G. McILWAINE, Jr., President. FERRIS E. SHAW, Secretary. 



Detailed Statement of Stocks 



United States bonds, . 

New Britain, Conn , bonds, 

New London, Conn., bonds, 

Norwalk, Conn., bonds, . 

South Norwalk, Conn., bonds, . 

Willimantic, Conn., bonds, 

Central Ohio Railroad bonds, . 

Central Railroad of New Jersey bonds, 

Chesapeake & Ohio Railroad bonds, 

Chicago, Burlington & Quincy Railroad bonds 

Chicago & Erie Railroad bonds, 

Lehigh Vallev Terminal Railroad bonds, 

Milwaukee, Lake Shore & Western R.R. bonds 

New York, Ontario & Western R R. bonds, 

N. Y., Susquehanna & Western R.R. bonds, 

Philadelphia & Reading Terminal R.R. bonds 

West Shore Railroad Bonds, . 

25 shares Chicago, Burlington & Quincy R.R 

65 

33 

30 

50 

15 



18 
40 
15 
23 



Chicago, Milwaukee & St. Paul R.R 
Chicago, Rock Island & Pacific R R 
Lake Shore & Michigan South. R.R 
N. Y., Lackawanna & Western R.R. 
Central National Bank of Norwalk 
Fairfield County National Bank, 
National Bank of Norwalk, Conn., 
Fourth National Bank, New York, 
German- American Bank, New York 
Norwalk Gas Light Company, . 



and Bonds. 

Par Value. 

$115,000 00 

25,000 00 

5,000 00 

25,000 00 

25,000 00 

20,000 00 

9,000 00 

40,000 00 

7,500 00 

5,000 00 

10,000 00 

12,000 00 

3,000 00 

8,000 00 

3,000 00 

10,000 00 

20,000 00 

2,500 00 

6,500 00 

3,300 00 

3,000 00 

5,000 00 

1,500 00 

800 00 

1,800 00 

4,000 00 

1,125 00 

575 00 



Market Value. 

$124,169 00 

= 26,468 00 

5,385 00 

28,156 00 

27,188 00 

21,050 00 

8,820 00 

45,800 00 

8,025 00 

5,750 00 

10,900 00 

13,080 00 

3,900 00 

8,600 00 

3,000 00 

11,000 00 

21,100 00 

1,737 00 

6,215 00 

2,162 00 

4,500 00 

5,900 00 

1,500 00 

400 00 

1,800 00 

7,200 00 

1,215 00 

690 00 



$372,600 00 §405,710 00 



306 



NOR WALK FIRE INSURANCE CO. 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Due for reinsurance on losses, . 

Gross assets, . . . . 



31, 1896. 

$405,710 00 

2,172 37 

6,869 89 

32,245 52 

4 65 



$447,002 43 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$1,858 00 

7,154 00 

400 00 

$9,412 00 
756 00 

$8,656 00 

81,458 82 

2,272 96 

6,589 34 

3,233 24 

342 24 



102,552 60 

$344,449 83 
200,000 00 

$144,449 83 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $21,375 42 

Premiums on risks written or renewed, . . 176,385 28 

Total $197,760 70 

Premiums now in course of collection, . . 32,245 52 

Entire premiums collected, ..... $165,515 18 

Less reinsurance and return premiums, . . 35,242 65 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$130,272 53 
11,580 36 



Gross cash income, . . . . . . . . $141,852 89 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash dividends paid, 



$43,394 82 
6,836 65 



$36,558 17 
6,135 00 



NORWOOD INSURANCE CO. 



307 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for general expenses, 

Gross cash expenditures, .... 



,540 55 

6,782 38 

1,250 26 

6,741 14 

,007 50 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $7,579,563 00 
. 18,540,259 00 



Premiums. 

$67,182 46 
176,385 28 



$26,119,822 00 $243,567 74 
9.458,737 00 84,953 75 



.$ 16,661,085 00 $158,613 99 
. 1,323,300 00 12,959 67 



. $15,337,785 00 $145,654 32 



Miscellaneous. 

Premiums received from organization of company, . . $611,749 00 

Losses paid from organization of company, . . . . 231,925 00 

Fire losses incurred during the year, 38,909 00 

Cash dividends declared from organization of company, . 122,425 00 

Dividends declared during the year, 6,135 00 

Company's stock owned by directors, 2,700 00 



"NORWOOD INSURANCE COMPANY OF NEW YORK," NEW 

YORK, N. Y. 

[Incorporated Sept. 20, 1895. Commenced business Sept. 21, 1895.] 

Paid-up Capital, $200,000. 

GEORGE S. POTTER, President. ANDREW J. ARMSTRONG, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

$103,000 00 
100,000 00 



United States bonds, . . - 
New York City bonds, 
Brooklyn city bonds, 
Duluth & Iron Range R.R. bonds, 
Chicago & Indiana Coal R R. bonds 
50 shares Continental Trust Co , 



100,000 00 

15,000 00 

10,000 00 

5,000 00 



Market Value. 

$115,875 00 

98,250 00 

103,000 00 

15,300 00 

10,250 00 

8,600 00 



$333,000 00 $351,275 00 



308 



NORWOOD INSURANCE CO. 



Summary of Assets Dec. 31, 1896. 

Stocks and bonds, as per schedule, . . ■. $351,275 00 

Cash in the office of the company, . . . 28,142 18 

Cash deposited in bank, 33,846 10 

Premiums in course of collection (gross), . 184,074 93 

Notes taken for marine and inland risks, . 12,978 24 
Prem's more than three mos. due, $4,551 50 

Gross assets, 



,316 45 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Unused balances of premium notes, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



$26,591 95 

32,289 24 

2,325 00 

261,319 56 

1,813 11 

832 98 

37,789 03 

15,252 29 

284 19 



378,497 35 



. $231,819 10 
200,000 00 

$31,819 10 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $124,247 02 

Same not collected, . . . . . . 3,259 12 

Net collected, $120,987 90 

Premiums on risks written or renewed, . . 675,806 87 

Total, $796,794 77 

Premiums now in course of collection, . . 181,451 94 

Entire premiums collected, .... $615,342 83 

Less reinsurance and return premiums, . . 208,851 50 

Net cash fire premiums received, . . . 

Marine premiums on risks written, . . . $114,681 87 

Premiums now in course of collection, . . 2,622 99 

Net cash marine premiums received, . . 

Interest and dividends received from all sources, . 



$406,491 33 



112,058 88 
13,450 71 



Gross cash income, 



$532,000 92 



NORWOOD INSURANCE CO. 



309 



Expenditures. 
Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rents and incidentals, 

Gross cash expenditures, .... 



$233,374 92 
45,782 10 

$41,295 36 
1,175 94 



|187,592 82 



40,119 42 

20,000 00 

92,709 02 

32,459 76 

4,520 43 

44,047 16 

$421,448 61 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



.$20,336,709 00 

. 65,404,642 00 

. $85,741,351 00 

. 42,913,070 00 



. $42,828,281 00 
. 1,924,701 00 



Premiums. 

$225,997 63 
675,806 87 

$901,804 50 
416,065 57 

$485,738 93 
15,918 99 



. $40,903,580 00 $469,819 94 



$107,557 00 
9,843,200 00 



$9,950,757 00 

8,265,566 00 

$1,685,191 00 

60,221 00 



$1,649 09 
114,681 87 

$116,330 96 
60,763 83 

$55,567 13 
2,747 94 



$1,624,970 00 $52,819 19 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the vear, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 percent.), . 
Company's stock owned by directors, .... 



$643,527 00 
234,583 00 
264,216 00 
25,068 00 
20,000 00 
20,000 00 
99,200 00 



310 



ORIENT INSURANCE CO. 



"ORIENT INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated June, 1867. Commenced business January, 1872.] 

Paid-up Capital, $500,000. 

CHARLES B. WHITING, President. JAMES U. TAINTOR, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

504 shares American Nat'l Bank, Hartford, . $25,200 00 $34,272 00 

122 " ^tna National Bank, Hartford, . 12,200 00 18,300 00 

130 " Charter Oak Nat'l B'k, Hartford, 13,000 00 12,350 00 

104 " Farm. & Mech. N'l B'k, Hartford, 10,400 00 11,960 00 

152 " Mercantile Nat'l Bank, Hartford, 15,200 00 12,160 00 

74 " Phoenix National Bank, Hartford, 7,400 00 9,102 00 
200 " Exchange Nat'l Bank, Hartford, . 10,000 00 12,600 00 
113 " City National Bank, Hartford, . 11,300 00 11,978 00 

71 " First National Bank, Hartford, . 7,100 00 8,023 00 

1,000 " Hartford Nat'l Bank, Hartford, . 100,000 00 140,000 00 

100 " Conn. T. and S. Dep. Co., Hart., . 10,000 00 17,000 00 

200 " Thames Nat'l Bank, Norwich, . 20,000 00 30,000 00 

80 " First National Bank, Norwich, . 8,000 00 8,000 00 

6 " Rockville Nat'l Bank, Rockville, . 600 00 600 00 

75 " Metropolitan N'l B'k, New York, 7,500 00 450 00 
302 " Mechanics' Nat'l Bank, New York, 7,550 00 14,345 00 

50 " Holland Trust Co., New York, . 5,000 00 4,000 00 

25 " N'l Ger. Am B'k, St. Paul, Minn., 2,500 00 2,500 00 

804 " N. Y.,N. H. & Hartford R.R., . 80,400 00 142,710 00 

404 " PennsylvaniaR.il., . . . 20,200 00 20,604 00 

220 " N. Y. C. & H. R. R.R., . . . 22,000 00 20,460 00 

50 " Union Pacific R.R , . . . . 5,000 00 450 00 

100 " Central Pacific R.R., . . . 10,000 00 1,550 00 

400 " Cleveland & Pittsburgh R.R. Co., 20,000 00 32,400 00 

220 " C, B. & Quincy R.R., . . . 22,000 00 15,262 50 

200 " Illinois Central R.R , . 20,000 00 18,500 00 

100 " Chic, Rock Island & Pacific R.R., 10,000 00 6,550 00 

170 " Southern Railway Co., . . . 17,000 00 4,420 00 

100 " Chicago & Northwestern R.R., . 10,000 00 15,150 00 

100 " Delaware & Hudson Canal Co., . 10,000 00 11,525 00 

150 " Cleve. Term. & Valley R.R Co., . 15,000 00 1,500 00 

100 " Rensselaer & Saratoga R.R Co , . 10,000 00 18,200 00 

1C0 " Chic. Jet. R'y & U. S'k Yd. Co., . 10,000 00 10,400 00 

200 " Morris & Essex R.R. Co., . . 10,000 00 16,375 00 

50 " Old Colony R R. Co 5,000 00 8,800 00 

300 " Northwestern Telegraph Co., . 15,000 00 17,100 00 

Georgia State bonds, 25,000 00 28,750 00 

County of Coffey, Kan., bonds, . . . 10,000 00 10,800 00 

County of Dickinson, Kan., bonds, . . . 10,000 00 11,000 00 

County of Finney, Kan., bonds, . . . 10,000 00 10,200 00 



ORIENT INSURANCE CO. 



311 



County of Kidder, Dak., bonds, 

County of Wichita, Kan., bonds, 

County of Pierce, Wash., bonds, 

County of Glynn, Ga., bonds, . 

County of White, Tenn., bonds, 

County of Lyon, Iowa, bonds, . 

City of Evansville, Ind., bonds, 

City of New Brunswick, N. J., bonds, 

City of Richmond, Va., bonds, . 

City of Norfolk, Va., bonds, 

City of Sioux Falls, Dak., bonds, 

City of Wichita Falls, Tex., bonds, . 

City of Fort Worth, Tex., bonds, 

City of Fayetteville, N. C, bonds, . 

Town of Thoraaston, Conn., bonds, . 

Medicine Lodge Township, Kan., bonds, 

Bethany Township, Kan., bonds, 

Oswego Township, Kan., bonds, 

Precinct of Stanton, Neb., bonds, 

Precinct of Beaver, Neb., bonds, 

Vermont Valley Railroad Company bonds, 

Pittsburgh, Cleveland & Toledo R.R. bonds, 

Kansas Pacific Railroad bonds, 

C, C, Cincinnati & Indianapolis R.R bonds, 

Morris & Essex Railroad bonds, 

Chicago, Milwaukee & St. Paul RR bonds, 

Dayton & Michigan Railroad bonds, 

Terre Haute & Logansport Railroad bonds, 

Chicago, Burlington & Northern R R. bonds, 

Ohio & W T est Virginia Railroad bonds, . 

Columbus & Toledo Railroad bonds, 

Cincinnati, Jackson & Mackinaw R.R. bonds, 

East Tenn., Virginia & Georgia R.R. bonds, 

Southern Railroad bonds, 

Detroit, Grand Rapids & West'n R.R. bonds, 

Hartford Street Railway bonds, 

Anderson, Ind., Electric Street R'y Co. bonds, 

Philadelphia & Reading R R. Co. bonds, . 

Indiana &Lake Michigan R.R. Co. bonds, 

Atchison, Topeka & Santa Fe R.R. bonds, 

Chicago, Burlington & Quincy R.R. bonds, 

N. Y , N. H. & H. R.R. bonds, . 

Norfolk & Western Railroad bonds, 

Cleveland, Terminal & Valley R.R. bonds, 

Baltimore Belt R R Co. bonds, 

Cincinnati, Dayton & Ironton R.R , . 

Kanawha & Michigan R.R., 

Chicago, Rock Island & Pacific bonds, . 



Par Value. 

$5,000 00 

4,000 00 

10,000 00 

10,000 00 

8,000 00 

10,000 00 

20,000 00 

10,000 00 

24,000 00 

20,000 00 

13,000 00 

10,000 00 

10,000 00 

10,000 00 

15,000 00 

5,000 00 

4,000 00 

5,000 00 

8,000 00 

5,000 00 

25,000 00 

10,000 00 

10,000 00 

35,000 00 

10,000 00 

20,000 00 

25,000 00 

14,000 00 

1,500 00 

3,000 00 

13,000 00 

12,000 00 

15.000 00 

6,000 00 

10,000 00 

40,000 00 

10,000 00 

10,000 00 

20,000 00 

20,000 00 

5,100 00 

32,200 00 

10,000 00 

10,000 00 

20,000 00 

10,000 00 

25,000 00 

10,000 00 



Market Value. 

$5,400 00 

4,400 00 

10,800 00 

10,200 00 

8,320 00 

5,000 00 

20,000 00 

10,300 00 

30,240 00 

21,2i)0 00 

14,560 00 

11,000 00 

10,100 00 

10,300 00 

15,750 00 

5,000 00 

4,080 00 

5,100 00 

8,560 00 

5,400 00 

27,500 00 

10,525 00 

6,800 00 

45,050 00 

13,800 00 

26,000 00 

26,750 00 

11,200 00 

1,560 00 

3,450 00 

14,950 00 

6,000 00 

16,050 00 

5,460 00 

6,500 00 

41,000 00 

10,200 00 

11,000 00 

17,000 00 

12,200 00 

5,480 50 

43,792 00 

6,500 00 

7,000 00 

18,300 00 

10,750 00 

19,500 00 

10,450 00 



312 



ORIENT INSURANCE CO. 



Brooklyn Wharf & Warehouse Co. bonds, 

Territory of Arizona funding bonds, 

Iowa Mortgage Co trust debenture notes, 

Mason and Tazewell District, 111., bonds, 

Rutland and Grafton District, 111., bonds, 

First Baptist Church, Nashville, Tenn., bonds 

Alexandria, Ind , water works, . 

Kansas school bonds, 

Nebraska school bonds, 

Dakota school bonds, 

Wyoming Territory school bonds, 

Colorado school bonds, 

Texas school bonds, . 

Washington school bonds, 

Arizona Improvement Co. bonds, 

Southwestern Irrigation Co. bonds, 



Par Value. 

$25,000 00 

25,000 00 

2,000 00 

5,000 00 

2,000 00 

11,500 00 

9,000 00 

20,197 00 

12,345 07 

8,000 00 

3,000 00 

8,000 00 

15,000 00 

10,000 00 

10,000 00 

5,000 00 



Market Value. 

$25,000 00 

25,500 00 

2,000 00 

5,100 00 

2,000 00 

11,730 00 

9,450 00 

21,566 85 

13,499 58 

9,040 00 

3,450 00 

8,800 00 

15,800 00 

10,700 00 

10,000 00 

2,500 00 



$1,448,392 07 $1,596,960 43 



Securities held as collateral for cash loans : — 

4 shares iEtna Fire Insurance Co , Hartford, 
24 " Adams Express Company, 



Market Value. Loaned Thereon. 

$1,000 00 $400 00 

3,480 00 1,350 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, ..... 
Deduct special deposits in other States, . 



$4,480 00 $1,750 00 

31, 1896. 

$48,355 29 

228,119 66 

3,899 65 

1,596,960 43 ] 

1,750 00 

4,663 03 

124,417 98 

10,085 52 

260,074 44 

404 25 

$2,278,730 25 

106,628 00 



Balance, $2,172,102 25 

Liabilities. 

Losses adjusted and reported, .... $145,256 36 

Losses disputed or resisted, .... 24,024 01 

Unearned premiums on outstanding risks, . 984,025 18 



* Total value of property mortgaged, 
. Amount of insurance held as collateral, 



$743,317 00 
122,950 00 



ORIENT INSURANCE CO. 



313 



Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, . 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, . 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



$63,259 33 
10,800 44 

,227,365 32 
43,968 39 



$1,183,396 93 



Total, . 
Premiums now in course of collection, . . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, . 

Total,. . . . 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 



Gross cash income, .... 

Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for incidentals, 

Gross cash expenditures, . 



$260,421 21 
1,294 89 



$259,126 
1,727,296 


32 
56 


$1,986,422 
258,803 


88 
26 


$1,727,619 
415,043 


62 
06 


$5,090 75 
26,734 56 


$31,825 
1,271 


31 
18 


$30,554 
6,075 


13 

37 



sources, 



$848,982 63 
75,930 11 



,845 84 
2,339 96 



,705 32 
500,000 00 

$488,705 32 



,312,576 56 



24,478 76 

11,227 47 

78,024 28 

539 23 

$1,426,846 30 



$773,052 52 



66,505 88 
40,000 00 
260,733 33 
106,573 40 
33,604 45 
78,569 01 

$1,359,038 59 



314 



PACIFIC FIRE INSURANCE CO. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$154,872,223 00 $1,899,432 12 
135,985,233 00 1,727,296 56 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



$290,857,456 00 $3,626,728 68 
130,729,166 00 1,682,941 80 



$160,128,290 00 $1,943,786 88 
3,287,109 00 25,527 28 



$156,841,181 00 $1,918,259 60 

. $1,829,859 00 $57,374 03 
949,468 00 26,734 56 



52,779,3^7 00 $84,108 59 
2,100,114 00 62,788 54 



$679,213 00 $21,320 05 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, .... 



$16,938,215 00 

10,525,551 00 

784,501 00 

37,341 00 

1,065,000 00 

40,000 00 

73,950 00 



"PACIFIC FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated April 16, 1851. Commenced business April 29, 1851.] 

Paid-up Capital, $200,000. 

FRANK T. STINSON, President. GEORGE JEREMIAH, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $ 150,000 00 

New York City bonds, 175,000 00 

Broadway & Seventh Avenue Railroad bonds, 10,000 00 

New York Central & Hudson River R.R. stock, 22,000 00 

Rome, Watertown & Ogdensburg R.R. stock, . 15,000 00 

Brooklyn city bond 10,000 00 

500 shares Brooklyn City Railroad, . . . 5,000 00 



Market Value. 

$180,000 00 

175,000 00 

10,500 00 

20,570 00 

17,700 00 

10,150 00 

8,700 00 



$387,000 00 $422,620 00 



PACIFIC FIRE INSURANCE CO. 



315 



$773,794 39 



Summary of Assets Dec. 31, 1896. 

Loans on mortgage of real estate (first liens *) , $268,000 00 

Interest due or accrued thereon, . . . 2,223 08 

Stocks and bonds, as per schedule, . . . 422,620 00 

Cash in the office of the company, . . . 9,937 09 

Cash deposited in bank, 8,127 61 

Interest due and accrued, 1,719 98 

Premiums in course of collection (gross), . 61,098 82 

Reinsurance due, 67 81 

Prem's more than three mos. due, $1,178 03 

Gross assets, 

Liabilities. 

Losses adjusted, unpaid, $9,345 62 

claimed and reported, .... 19,944 17 

disputed or resisted, .... 5,334 00 

I 

Total amount of losses, $34,623 79 

Less reinsurance, 1,081 30 

Net amount of unpaid losses, .... $33,542 49 

Unearned premiums on outstanding risks, . 270,870 84 

Due and accrued for rent, salaries, etc , . . 3,560 00 

Due for borrowed money, .... 15,000 00 

Commissions and brokerage, .... 13,747 24 

Return premium and reinsurance, . . . 8,229 91 

Reinsurance disallowed, 12,322 80 

Gross liabilities, except capital, . . 

Surplus as regards policy holders, 

Paid-up capital, 

Surplus over capital, 

Income. 
Fire premiums outstanding Dec. 31, 1895, . $58,781 76 
Same not collected, 881 71 

Net collected, $57,900 05 

Premiums on risks written or renewed, . . 471,241 02 

Total, $529,141 07 

Premiums now in course of collection, . . 62,276 85 

Entire premiums collected, .... $466,864 22 
Less reinsurance and return premiums, . . 93,794 44 

Net cash fire premiums received, . . . $373,069 78 

Interest received on mortgages, 12,650 00 

Interest and dividends received from all other sources, . . 13,636 00 



357,273 28 

$416,521 11 
200,000 00 



$216,521 11 



Gross cash income, ........ $399,355 78 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held as collateral, 



$212,000 00 
298,000 00 
269,000 00 



316 



PENNSYLVANIA FIRE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, . . . . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, .... 



$223,570 98 
13,250 78 



$210,320 20 
20,000 00 
79,873 03 
34,718 94 
10,429 75 
24,072 61 



,414 53 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$58,100,939 00 $570,953 56 
44,207,465 00 471,241 02 



Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$102,308,404 00 $1,042,194 58 
45,285,170 00 468,188 48 



$57,023,234 00 $574,006 10 
4,360,805 00 38,211 99 



$52,662,429 00 $535,794 11 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, . . ... 



$7,875,672 00 

4,195,137 00 

187,655 00 

1,418,000 00 

20,000 00 

41,225 00 



"PENNSYLVANIA FIRE INSURANCE COMPANY," 
PHILADELPHIA, PA. 

[Incorporated March, 1825. Commenced business April, 1825.] 
Paid-up Capital, $400,000. 
R. DALE BENSON, President. W. GARDNER CROWELL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $95,000 00 $106,500 00 

Philadelphia city bonds 17,000 00 19,280 00 

Phila., Wilmington & Bait. R.R. certificates, . 115,000 00 119,300 00 



PENNSYLVANIA FIRE INSURANCE CO. 



317 



Philadelphia & Erie Railroad bonds, 
Pennsylvania Railroad bonds, . 
Easton & Amboy Railroad bonds, . 
Philadelphia & Reading Railroad Company, 
Lehigh Valley Railroad Company, . 
Elmira & Williamsport Railroad Company, 
West Jersey Railroad Company, 
Pennsylvania & New York Canal & R.R. Co., 
Chicago & Western Indiana Railroad, 
Chicago, Burlington & Quincy Railroad, 
Jacksonville, Louisville & St. Louis Railroad, 
Jacksonville Southeastern Railway Company, 
Shamokin, Sunbury & Lewisburg Railroad, 
Corning, Cowan esque & Antrim Railroad, 
Terre Haute & Logansport Railroad, 
New York & Long- Branch Railroad, 
St. Paul & Northern Pacific Railroad, 
Lehigh Valley Coal Company, 
Pittsburgh,' McKeesport & Youghiogheny R R. 
Pittsburgh, Cincinnati & St. Louis Railroad, 
Cleve., Columbus, Cin & Indianapolis R.R., 
Grand Rapids & Indiana Railroad, . 
New York, Susquehanna & Western R.R., 
Lake Shore & Michigan Southern R'y Co., 
Lehigh Coal & Navigation Company, 
Buftalo & Susquehanna Railroad, 
Baltimore & Ohio Railroad Co., 
Indiana & Vincennes Railroad Co., . 
Chicago & Erie Railroad Co., . 
Baltimore & Potomac Railroad Co., 
McKeesport & Belle Vernon R.R. Co., . 
Knoxville Water Company, 
Western Transit Company, . , . 
Lehigh Coal & Navigation Co., 
Chesapeake & Delaware Canal Co., 
Delaware Division Canal Company, 
Car Trust of New York bonds, 

St. Louis city bonds, 

Cincinnati city bonds, .... 

City of Springfield, 111., funding bonds, . 

City of Topeka, Kan., internal improve, bonds 

City of Dayton, Ohio, bonds, . 

City of Columbus, Ohio, bonds, 

City of Quincy, 111., bonds, 

City of Sandusky, Ohio, bonds, 

Kansas City, Kan., internal improve, bonds, 

Newark City, Ohio, bonds, 

Wabash Railroad Co. bonds, . 



Par Value. 

$75,000 00 
99,000 00 
50,000 00 
228,500 00 
183,000 00 
25,000 00 
10,000 00 
188,000 00 
112,000 00 
100,000 00 
32,000 00 
11,000 00 
20,000 00 
3,000 00 
50,000 00 
25,000 00 
50,000 00 
50,000 00 
20,000 00 
50,000 00 
30,000 00 
21,000 00 
60,000 00 
50,000 00 
100,00'J 00 
60,000 00 
10,000 00 
43,000 00 
50,000 00 
15,000 00 
21,000 00 
15,000 00 
50,000 00 
20,000 00 
10,000 00 
25,000 00 
4,000 00 
25,000 00 
48,000 00 
35,000 00 
26,520 00 
52,000 00 
50,<,00 00 
25,000 00 
19,500 00 
6,000 00 
12,000 00 
20,000 00 



Market Value. 

$89,250 00 

116,820 00 

53,500 00 

235,685 00 

207,490 00 

30,000 00 

10,800 00 

192,190 00 

129,600 00 

118,000 00 

12,800 00 

11,000 00 

20,400 00 

3,000 00 

37,500 00 

27,500 00 

61,500 00 

48,500 00 

24,000 00 

55,000 00 

37,500 00 

2,100 00 

63,000 00 

59,500 00 

104,000 00 

60,000 00 

11,000 00 

45,150 00 

55,000 00 

18,375 00 

26,460 00 

15,000 00 

51,000 00 

20,4U0 00 

4,700 00 

24,000 00 

4,000 00 

30,000 00 

57,000 00 

35,700 00 

27,315 00 

55,790 00 

51,280 00 

25,000 00 

19,890 00 

6,000 00 

12,240 00 

14,000 00 



318 



PENNSYLVANIA FIRE INSURANCE CO. 



Pittsburgh Junction Terminal Company, 
Newburgh & New York Railroad Co., 
Northern Central Railroad Co., 
Baltimore & Ohio Railroad Co., 
Baltimore Belt Railroad Co., . 
West Knoxville Gen Improvement Co., 
Atlantic City Railroad Co., 
Camden Horse Railroad Co., . 
Bellefonte Central Railroad Co., 
Evansville & Terre Haute R.R. Co., 
School Dist. of the Borough of Sewickley, Pa. 
200 shares Philadelphia National Bank, . 
440 " Bellefonte Central Railroad Co., 
10 " Philadelphia Bourse, 



Securities held as collateral for cash loans 

12 shares Continental Insurance Co., N. Y 

14 " Bank of North America, 

15 " Manayunk National Bank, . 

30 " Ninth National Bank, . 

7 " Moorestown National Bank, 

5 " Burl. Co. Safe Dep. & Trust Co., 

5 " Fire Ins. Co. of County of Phila 

50 " Manayunk Trust Company, 

31 " Insurance Co. of North America, 
62 " North Pennsylvania Railroad Co. 

1,250 " Lehigh Valley Railroad Co , 

9 " Penn. Co. for Ins. on Lives, etc., 

5 " Penn. Fire Insurance Co. stock, 

4 " United Canal and R.R. Co. of N.J. 

65 " Insurance Co. of North America 

26 " Germania Insurance Co., N. Y., 

16 " 1st Nat'l Bank, Shippensburg, Pa. 
100 " Norrist'n Tit., Tr. & Safe Dep. Co. 
200 " Lehigh Valley Railroad Co., 
100 " Huntingdon & Broad Top R.R. Co. 

20 " Commercial National Bank, 
200 ." Philadelphia Traction Co., . 
200 " Northern Pacific Railroad, . 
846 " Security Trust Company, 
105 " Lehigh Coal & Naviga. Co. stock 
10 " Cometh Title Ins. & Trust Co., 

Pitts., Cincinnati & St. Louis Railway Co., 

Bellefonte Central Railroad Co., 

25 shares Western National Bank, . 

50 " New England Loan and Trust Co , 

Pulaski Iron Company bonds, . 



Par Value. 

$25,000 00 
15,000 00 
18,000 00 
50,000 00 
50,000 00 
20,000 00 
30,000 00 
25,000 00 
2,500 00 
25,000 00 
21,000 00 
20,000 00 
22,000 00 
500 00 



Market Value. 

f25,000 00 

15,000 00 

20,700 00 

50,000 00 

46,500 00 

20,000 00 

31,200 00 

25,750 00 

2,500 00 

22,500 00 

25,200 00 

38,000 00 

11,000 00 

100 00 



$2,838,520 00 $2,998,465 00 



Market Value. 

$3,660 00 
3,486 00 
2,700 00 
4,200 00^1 
1,575 00 
350 00 
525 00 
600 00 
682 00 J 
5,146 00 
37,500 00 
4,500 00 ^ 
1,750 00 

932 00 > 
1,430 00 
5,460 00 ; 
3,040 00 
8,000 00 
6,000 00 -n 
2,400 00 i 
600 00 ) 
13,200 00 ) 
2,800 00 S 
39,762 00 
4,305 00 n 
670 00 V 
1,100 00 ) 
4,000 00 
2,000 00 \ 
5,000 00 V 
5,000 00 ) 



Loaned Thereon. 

$3,000 00 
1,750 00 
2,000 00 



y 6,500 00 



3,500 00 
25,000 00 



4,000 00 

2,300 00 
6,500 00 

7,400 00 

12,000 00 
25,000 00 

5,000 00 

2,000 00 

10,000 00 



PENNSYLVANIA FIRE INSURANCE CO. 



19 



Market Value. Loaned Thereon. 



40 shares Pennsylvania Railroad Co., 
60 " North Pennsylvania R.R. Co., . 
Boston United Gas bonds, .... 

Wash., Alex'dria & Mt.Vernon Electric R'y Co., 
30 shares Girard Life Ins., Annuity & Tr. Co , 
100 " Philadelphia Traction Co., 
Philadelphia & Reading- Railway, . 
North Pennsylvania Railroad Co., . 



$2,080 00^ 
4,980 00 

21,250 00 
2,000 00 

11,400 00 
6,600 00 
1,200 00 

48,400 00 



$21,000 00 

15,000 00 
40,000 00 



$270,283 00 $191,950 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Loans on collateral security, as per schedule 

Cash in the office of the company, . 

Cash deposited in bank, . . 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Gross assets, 

Deduct special deposits in other States, . 



$184,500 00 

879,070 00 

13,806 66 

2,998,465 00 

191,950 00 

1,079 66 

226,389 83 

2,078 14 

281,685 68 



1,779,024 97 
106,500 00 



Balance, $4,672,524 97 






Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, . 
Paid-up capital, .... 



Surplus over capital, 



$15,553 00 

134,237 00 

12,674 00 

1,420,803 31 

805,307 85 

24,000 00 

15,473 93 

£2,428,049 09 
43,383 09 



2,384,666 00 

52,287,858 97 

400,000 00 

$1,887,858 97 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$2,197,550 00 
667,400 00 



320 



PENNSYLVANIA FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1895 
Same not collected, .... 

Net collected, . . . . 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all othei 

Income from rents, .... 

Deposits received for perpetual fire risks 

Gross cash income, . . . 

Expenditures 

Cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employe 
for State and local taxes, 
for incidentals, 

Deposits returned on perpetual fire risks, 



$235,637 66 
10,095 05 

$225,542 61 
2,190,661 93 



!,416,204 54 
281,685 68 



$2,134,518 86 
419,325 44 







$1,715,193 42 


. 


. 


42,111 


98 


sources, . 


. 


156,137 


39 


. 


. 


2,701 


92 


$48,587 


23 








$1,916,144 


71 



es, 



,140 28 

80,000 00 

429,701 64 

102,160 00 

36,812 48 

101,440 08 



$23,356 63 



Gross cash expenditures, . 



[,639,254 48 



$491,945,355 00 $4,911,297 10 
182,729,491 00 1,969,219 29 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1895, . $279,042,792 00 $2,720,635 17 
Fire risks written during 1896, . 212,902,563 00 2,190,661 93 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 
Perpetual risks in force (not incPd above) 



$309,215,864 00 $2,942,077 81 
17,450,231 00 149,871 94 



$291,765,633 00 $2,792,205 87 
$35,582,448 00 $881,322 77 



PIIENIX INSURANCE CO. 



32L 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (20 per cent.), . 

Company's stock owned by directors, 



$ 30,632,270 00 

16,911,526 00 

878,000 00 

2,849,000 00 

80,000 00 

53,700 00 



"PHENIX INSURANCE COMPANY, 1 ' BROOKLYN, N. Y. 

[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.] 
Paid-up Capital, $1,000,000. 






GEORGE P. SHELDON", President. 



CHARLES C, LITTLE, Secretary. 



Detailed Statement of Stocks and Bonds, 

Par Value. 

United States bonds, ..... $480,000 00 

State of Virginia bonds, . . . . . 100,000 00 

City of Richmond, Va., bonds, . 

New York City consolidated stock, . 

King's County Elevated Railway Co. bonds, 

Louisville, Henderson & St. Louis R'y Co. b'ds, 

Louisville & Nashville Railroad Co. bonds, 

Norfolk & Western Railroad Company bonds, 

United Traction & Electric Railway Co. bonds, 

Missouri, Kansas & Texas Railway Co. bonds, 

Met. West Side Elevated R'y of Chicago b'ds, 

Cleveland & Mahoning Valley R.R. Co. bonds, 

Philadelphia & Reading Railroad Co. bonds, 

N. Y., N. H. & Hartford R R. debentures, 

Missoula County, M. T., bonds, 

U. S. Illuminating Company bonds, 

Lake Gas Company of Chicago bonds, 

Grand Rapids Gas Light Company bonds, 

Madison Gas & Electric Company bonds, 

1,000 shares Chicago & Alton Railroad Co., 



1,000 " Morris & Essex R R Co., . 

713 " Rome, Water. & OgdVh R.R. Co. 

1,000 " Delaware & Hudson Canal Co., 

1,000 " Pitts , Ft. Wayne & Chicago R.R 

1,000 " Syracuse, Bingh'ton & N. Y. R.R. 

500 " Rensselaer & Saratoga R.R. Co., 

200 " Nat/1 Shoe and Leather B'k, N.Y. 

386 " Nat'l Bank of the Republic, N. Y. 



21,000 00 

762,000 00 

26,000 00 

17,500 00 

25,000 00 

25,000 00 

25,000 00 

50,000 00 

35,000 00 

25,000 00 

50,000 00 

200,000 00 

12,000 00 

25,000 00 

50,000 00 

33,000 00 

25,000 00 

100,000 00 

50,000 00 

71,300 00 

100,000 00 

100,000 00 

100,000 00 

50,000 00 

20,000 00 

38,600 00 



Market Value. 

$557,600 00 

63,000 00 

21,000 00 

762,000 00 

11,700 00 

14,000 00 

24,375 00 

16,250 00 

25,625 00 

40,000 00 

14,000 00 

30,000 00 

40,750 00 

272,000 00 

13,200 00 

25,000 00 

51,000 00 

29,700 00 

23,750 00 

163,000 00 

83,000 00 

84,134 00 

115,000 00 

166,000 00 

165,000 00 

91,500 00 

19,000 00 

55,970 00 



;22 



PHENIX INSURANCE CO. 



87 shares Nat 1 ! Bank of Commerce, N. Y., 

2u0 " Fourth Natl Bank, N. Y., . 

100 " Mercantile Natl Bank, N. Y., 

253 " National Park Bank, N. Y., . 

1 ,200 " Chatham National Bank, N. Y., 

408 " Mechanics' Bank, Brooklyn, 

600 " National City Bank, Brooklyn, 

200 " Phenix National Bank, N. Y., 

191 " Brooklyn Bank, Brooklyn, . 

100 " Bond and Mort. Guarantee Co., 

187 " New York Mutual Gas Light Co 

170 " Madison Gas and Electric Co., 

I,5(i0 " Central and So. Amer Tel. Co , 

1,500 " Western Union Telegraph Co., 

430 " Mexican Telegraph Co., 



Par Value. 

$8,700 00 

20,000 00 

10,000 00 

25,300 00 

30,000 00 

20,400 00 

30,000 00 

4,000 00 

9,550 00 

10,000 00 

18,700 00 

17,000 00 

150,000 00 

150,000 00 

43,000 00 



Market Value. 

$17,400 00 
35,000 00 
17,000 00 
67,045 00 
88,500 00 
48,960 00 

123,000 00 

4,200 00 

15,280 00 

15,000 00 

43,945 00 

5,100 00 

180,000 00 

124,500 00 
83,850 00 



5,163,050 00 $3,846,334 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (tirst liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in office and bank, . . . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, .... 

Reinsurance due, 

Gross assets, 

Deduct special deposits in other States, . 



$511,000 00 

115,600 00 

1,911 62 

3,846,334 00 

416,039 66 

14,401 65 

815,968 27 

3,676 56 

11,994 90 



i,736,926 66 
203,000 00 



Balance, $5,533,926 66 



Liabilities. 
Losses claimed and reported, . 
Losses disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, . . . . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 



$203,581 77 
30,375 00 

$233,956 77 
20,614 37 

$213,342 40 

3,397,945 65 

2,333 34 



* Value of lands mortgaged, . 
Value of buildings thereon, . . 
Amount of insurance held as collateral, 



$77,250 00 
165,500 00 
122,000 00 



TIIENIX INSURANCE CO. 



323 



Commissions and brokerage, . 
Return premiums and reinsurance, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, . 

Surplus over capital, . 



$98,370 75 
83,169 92 

$3,795,168 06 
121,401 33 



5,673,766 73 

. $1,860,159 93 
. 1,000,000 00 



,159 93 



Income 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



. $928,862 89 
. 4,353,527 51 

. $5,282,390 40 
815,968 27 



Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest received on mortgages, 



. $4,466,422 13 
. 1,030,691 06 

. $3,435,731 07 

. . . . 6,085 00 

Interest and dividends received from all other sources, . • . 150,340 84 
Income from rents, 10,973 48 



Gross cash income, 



. $3,603,130 39 



Expenditures. 
Cash paid for fire losses, . . . . $2,217,135 47 

Deduct salvage and reinsurance, . . . 289,723 70 

Net cash paid for tire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



[,927,411 77 
100,000 00 
490,619 10 
338,887 80 
74,948 03 
326,876 18 

5,258,742 88 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$661,208,365 00 $8,496,812 45 
345,717,292 00 ' 4,353,527 51 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$1,006,925,657 00 $12,850,339 96 
408,756,436 00 5,311,351 76 



$598,169,221 00 $7,508,988 20 
49,576,262 00 562,559 73 



$548,592,959 00 $6,946,428 47 



324 PHCENIX INSURANCE CO. 



Miscellaneous. 

Premiums received from organization of company, . $108,115,377 

Losses paid from organization of company, . 

Fire losses incurred during the year, .... 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Company's stock owned by directors, .... 



54,438,330 00 

1,865,825 00 

3,674,000 00 

100,000 00 

163,100 00 



"PHCEXIX INSURANCE COMPANY," HARTFORD, CONN. 

[Incorporated May, 1854. Commenced business June, 1854 ] 
f Paid-up Capital, $2,000,000. 

D. W. C. SKILTON, President. EDW. MILLICAN, Secretary. 

Detailed Statement of Stocks and Bonds. 

Tar Value. Market Value. 

300 shares iEtna National Bank, Hartford, . $30,000 00 $43,500 00 

1,000 " American National B'k, Hartford, 50,000 00 70,000 00 

100 " Atlantic Trust Co., New York, . 10,000 00 18,250 00 

125 " Central Trust Co., New York, . 12,500 00 134,375 00 

162 " Charter Oak Nat'l B'k, Hartford, 16,200 00 16,200 00 

160 " City Bank, Hartford, . . . 16,000 00 17,280 00 

100 " Connecticut River Bank, Hartford, 3,000 00 4,500 00 

300 " Farm. & Mecli. NT B'k, Hartford, 30,000 00 34,500 00 

175 " First National Bank, Wallingford, 17,500 00 19,775 00 

400 " Franklin Trust Co., New York, . 40,000 00 86,800 00 

1,030 " Hartford National B'k, Hartford, 103,000 00 144,200 00 

400 " Hartford Trust Co., Hartford, . 40,000 00 60,000 00 

100 " Home National Bank, Meriden, . 10,000 00 11,800 00 

133 " Imperial Bank, Toronto, Ont., . 13,300 00 23,674 00 

250 " Metropolitan NT B'k, Cincinnati, 11,250 00 500 00 

108 " Merchants' Ex. NT Bank, N. Y , . 5,400 00 6,210 00 

800 " Mercantile NatT Bank, Hartford, 80,000 00 64,000 00 

200 " NT Shoe & Leather B'k, N. Y., . 20,000 00 19,000 00 

340 " National Exchange B'k, Hartford, 17,000 00 22,100 00 

125 " NT Ger'n American B'k, St. Paul, 12,500 00 9,375 00 

200 " New Britain NT B'k, New Britain, 20,000 00 32,000 00 

770 " Phoenix National Bank, Hartford, 77,000 00 96,250 00 

200 " State Bank, Hartford, . . . 20,000 00 22,000 00 

440 " Waterbury NT Bank, Waterbury, 22,000 00 38,500 00 

50 " Security Company, Hartford, . 5,000 00 . 6,150 00 

500 " Bald Eagle Valley Railroad, . 25,000 00 50,000 00 

300 " Beech Creek Railroad, . . . 15,000 00 15,000 00 

350 " Chicago & Alton Railroad Co., . 35,000 00 56,700 00 

500 " Cleveland & Pittsburgh R.R. Co., 25,000 00 41,250 00 

500 " Fort Wayne & Jackson R.R. Co., 50,000 00 62,500 00 



PHOENIX INSURANCE CO. 



325 



Par Value. Market Value. 

200 shares Georgia Railroad & Banking Co., $20,000 00 #34,500 00 

120 " Hartford & Conn. Western R.R., 12,000 00 2,400 00 

1,000 " Illinois Central Railroad, . . 100,000 00 92,000 00 

1,000 " Morris & Essex Railroad, . . 50,000 00 82,500 00 

1,500 " N. Y., N. H. & Hartford Railroad, 150,000 00 270,000 00 

250 " New York & Harlem Railroad, . 12,500 00 36,250 00 

500 " N. Y. Cent. & Hudson River R.R., 50,000 00 47,250 00 

500 " . Peoria & Bureau Valley R.R., . 50,000 00 85,000 00 

500 " Pitts., McKeesport & Y. R.R., . 25,000 00 32,500 00 

500 " Rensselaer & Saratoga Railroad, 50,000 00 92,000 00 

500 *« Sharon Railroad of Pennsylvania, 25,000 00 27,500 00 

150 " Empire & Bay States Tel. Co., . 15,000 00 11,475 00 

1,320 " Holyoke Water Power Compan}', 132,000 00 382,800 00 

1,500 " Northwestern Telegraph Co., . 75,000 00 86,250 00 

400 " West End Street R'y Co., Boston, 20,000 00 26,000 00 

Georgia State bonds, 25,000 00 28,750 00 

Brooklyn Wharf and Warehouse Co bonds, . 75,000 00 75,000 00 

Ashland, Oregon, water bonds, . . . 50,000 00 54,500 00 

Brantford, Canada, bonds, .... 25,000 00 28,125 00 

Guelph, Canada, bonds, 24,000 00 28,200 00 

Victoria, British Columbia, bonds, . . . 20,000 00 23,400 00 

Town of St Henry, P. Q., bonds, . . . 75,000 00 81,750 00 

Province of New Brunswick bonds, . . 5,000 00 5,212 50 

Columbus, O., improvement bonds, . . . 10,000 00 10,700 00 

Fostoria, O., water bonds, . . . . 25,000 00 26,250 00 

Leavenworth City and Ft. Leav'th water b"ds, 25,000 00 27,500 00 

Hannibal, Mo., school bonds, .... 20,000 00 21,000 00 

Northwestern Telegraph Co. bonds, . . 25,000 00 29,000 00 

Naumkeag Street Railway Co. bonds, . . 25,000 00 25,000 00 

Superior, Wis., improvement bonds, . . 25,000 00 25,250 00 

Urbana, O., gas bonds, 25,000 00 25,000 00 

Canadian Pac. 1st mort Land Grant R R. b'ds, 44,000 00 48,950 00 

Cedar Rapids, Iowa Falls & N. W R'y bonds, 50,000 00 51,500 00 

Chicago & Northwestern R'y bonds, . . 47,000 00 53,580 00 

Chicago & Western Indiana R.R. bonds, . . 140,000 00 159,000 00 

Chicago, Burlington & Quincy R R. bonds, . 10,000 00 10,100 00 

Chie , Rock Island & Pacific R.R., . . . 25,000 00 26,125 00 

Cincinnati, Dayton & Ironton bonds, . . 25,000 00 27,000 00 

Erie Railway consols, ..... 50,000 00 70,000 00 

Minneapolis Union Railway Co., . . . 50,000 00 60,500 00 

N. Y., Lackawanna & Western R.R., . . 50,000 00 67,000 00 

N. Y , N. H. & H. R.R. debentures, . . . 75,000 00 102,375 00 

St. Paul, Eastern & G. Trunk, .... 10,000 00 11,300 00 

Terre Haute & Logan sport R.R., . . . 50,000 00 50,000 00 

Terre Haute & Peoria bonds, .... 25,00000 21,25000 

Texas & New Orleans bonds, .... 54,000 00 59,670 00 



$2,802,150 00 $3,867,801 50 



326 



PIKENIX INSURANCE CO. 



Securities held as collateral for cash loans : 

73 shares Travelers 1 Insurance Company, 
240 " Landers, Frary & Clark, . 

70 " Southern New England Tel. Co., 
103 " Atlantic Dock Company, 

64 " Hartford Carpet Company, 

2& " Chic, Milwaukee & St. Paul R.R., 



Market Value. Loaned Thereon. 



51 6,644 00 
6,000 00 
6,860 00 

10,300 00 
3,520 00 
3,125 00 



$9,000 00 
9,000 00 

11,200 00 
2,000 00 



$ 46,449 00 $31,200 



Summary of Assets Dec. 31, 1896 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, „ 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, . . . 
Premiums in course of collection (gross), 
Rents due and accrued, .... 

Reinsurance due, 

Gross assets, ..... 
Deduct special deposits in other States, . 



f498,906 04 

188,306 91 

8,544 61 

3,867,801 50 

31,200 00 

30,543 06 

216,910 59 

9,058 12 

511,808 41 

6,812 27 

7,896 66 



Balance, 



1,377,818 17 
298,887 50 

),078,930 67 



Liabilities. 

Losses adjusted and reported, . 
Losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, . 

Surplus over capital, . 



$358,667 26 
33,745 13 

2,201,426 71 
57,552 75 

12,651,391 85 
153,994 73 



- 2,497,397 12 

. $2,581,533 55 

. 2,000,000 00 

. $581,533 55 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amount of insurance held us collateral, 



. $299,640 00 

. 128,850 00 

81,275 00 



TIKEXIX INSURANCE CO. 



327 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, . . 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



$505,676 87 
3,438,780 57 

13,944,457 44 

511,808 41 

&3,432,649 03 
480,739 25 



sources, 



>,95 1,909 78 

9,802 36 

183,042 53 

8,088 64 

5,152,843 31 



Expenditures. 

Cash paid for fire losses $1,836,472 64 

Deduct salvage and reinsurance, . . . 144,767 84 

Net cash paid for fire losses, .... 

Cash dividends paid, . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$1,691,704 80 
280,000 00 
502,076 60 
193,919 72 
67,712 96 
311,041 02 

$3,046,455 10 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 



Premiums. 



1430,488,587 00 $4,905,857 87 
308,107,877 00 3,438,780 57 



$738,596,464 00 $8,344,638 44 
340,407,643 00 3,813,609 78 



$398,188,821 00 $4,531,028 66 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (14 per cent.),. 
Company's stock owned by directors, .... 



165,137,673 00 

39,739,175 00 

1,755,310 00 

6,965,000 00 

280,000 00 

61,400 00 



328 



PROVIDENCE WASHINGTON INSURANCE CO. 



"PROVIDENCE WASHINGTON INSURANCE COMPANY," 
PROVIDENCE, R. I. 

[Incorporated 1799. Commenced business 1799.] 

Paid-up Capital, $400,000. 

J. H. DeWOLF, President. E. L. WATSON, Secretary. 



Detailed Statement of Stocks 

Boston & Providence Railroad bonds, 
Boston & Maine Railroad bonds, 
Baltimore & Ohio Railroad bonds, . 
Bath Gas & Electric Company bonds, 
City of Pawtucket bonds, . 
Cleveland Electric Railway bonds, . 
Columbus Street Railway bonds, 
Lehigh Valley Railroad Company bonds, 
Morris & Essex Railroad Company bonds, 
New York, New Haven & Hartford R.R. bonds, 
Rensselaer & Saratoga Railroad bonds, . 

250 shares Fourth Nat'l Bank, New York, . 

340 

300 

500 
1,000 

300 

300 

500 

400 

500 

300 

200 

550 

600 

200 

100 

200 

500 
1,500 



Nat'l Bank of Commerce, N. Y., . 
National Park Bank, New York, . 
American Nat'l B'k, Providence, 
Blackstone Canal Nat 1 ! B'k, Prov., 
Commercial Nat'l B'k, Prov., 
Manufacturers 1 Nat'l B'k, Prov., . 
Merchants' Nat'l B'k, Providence, 
Mechanics' Nat'l B'k, Providence, 
Nat'l Bank of Commerce, Prov., . 
National Eagle Bank, Providence, 
Weybosset Nat"l B'k, Providence, 
Providence Gas Company, , 
Chicago & Alton Railroad Co., . 
Chic & Northwestern R'y Co., , 
N. Y. Cent. & Hudson River R.R., 
Old Colony Railroad, . 
Oswego & Syracuse R.R. Co., 
What Cheer Corporation, 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Prem's more than three mos. due, $2,852 23 
Gross assets, 



and Bonds. 

Par Value. 

$100,000 00 
10,000 00 
25,000 00 
3,000 00 
25,000 00 
10,000 00 
10,000 00 
50,000 00 
25,000 00 
54,000 00 
12,000 00 
25,000 00 
34,000 00 
30,000 00 
25,000 00 
25,000 00 
15,000 00 
30,000 00 
25,000 00 
20,000 00 
25,000 00 
15,000 00 
10,000 00 
27,500 00 
60,000 00 
20,000 00 
10,000 00 
20,000 00 
25,000 00 
200,000 00 



Market Value. 

$106,000 00 
11,700 00 
24,250 00 

2,700 00 
26,000 00 
10,300 00 
10,000 00 
51,500 00 
34,250 00 
72,900 00 
17,520 00 
45,000 00 
69,020 00 
79,500 00 
21,750 00 
25,000 00 
13,500 00 
42,000 00 
31,500 00 
21,200 00 
20,500 00 
15,600 00 

8,600 00 
46,750 00 
98,400 00 
30,400 00 

9,500 00 

35,400 00 

51,250 00 

200,000 00 



$965,500 00 $1,231,990 00 



31, 1896. 

$1,231,990 00 

1,380 54 

73,329 28 

197,536 52 

49,879 37 



,554,115 71 



PROVIDENCE WASHINGTON INSURANCE CO. 



329 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . 



$7,014 46 

190,328 48 

2,063 00 

H 99,405 94 
59,894 99 

^139,510 95 

769,762 90 

11,874 40 

28,550 11 

12,830 65 



f962,529 01 

$591,586 70 
400,000 00 

$191,586 70 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, ..... 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance aud return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, 



$138,994 43 
7,727 58 

$131,266 85 
1,155,336 97 

$1,286,603 82 
141,504 19 

$1,145,099 63 
260,381 66 

$91,598 30 
6C5 22 



),993 08 
459,435 73 

$550,428 81 
102,405 28 

$448,023 53 
121,186 85 



$884,717 97 



326,836 68 
51,558 92 



Gross cash income, $1,263,113 57 



330 



PROVIDENCE WASHINGTON INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . - 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$571,202 64 

79,886 01 

$367,793 19 

90,008 83 



1491,316 63 



277,784 36 

32,000 00 

224,538 71 

83,432 95 

27,059 16 

65,627 40 

.,201,759 21 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, . 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$138,531,418 00 
115,405,486 00 

1253,936,904 00 
114,242,645 00 

$139,694,259 00 
20,474,743 00 



Premiums. 

$1,460,923 24 
1,155,336 97 

$2,616,260 21 
1,173,634 81 

$1,442,625 40 
183,123 33 



$119,219,516 00 $1,259,502 07 



$7,646,041 00 

91,317,561 00 

$98,963,602 00 

92,551,716 00 

$6,411,886 00 

1,082,369 00 



$224,687 71 
459,435 73 



,123 44 
472,894 67 

$211,228 77 
26,483 08 



$5,329,517 00 $184,745 69 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . . . . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, . 



$27,485,851 00 

16,224,006 00 

503,736 00 

293,476 00 

2,128,563 00 

32,000 00 

43,200 00 



QUEEN INSURANCE CO. OF AMERICA. 



331 



" QUEEN INSURANCE COMPANY OF AMERICA; 1 NEW YORK, N. Y. 

[Incorporated Sept. 11, 1891. Commenced business Sept. 11, 1891.] 

Paid-up Capital, $500,000. 

JAMES A. MACDONALD, President. GEO. W. BURCHELL, Secretary. 



Detailed Statement of Stocks 



United States government bonds, 
District of Columbia bonds, 
New York City bonds, 
City of Brooklyn bonds, 
New Zealand stock, . 
Quebec loan, 
Manitoba debentures, 
Halifax, N. S , stock, 

250 shares New York & Harlem Railroad, 

443 ' 

517 ' 

950 ' 

360 ' 
1,400 ' 

250 ' 



' United N. J. R.R. & Canal Co., 
1 N. Y , Lack. & Western R.R., 
' Rome, Watert'n & Ogdensb'g R R 
' Pitts., Ft. Wayne & Chicago R.R 
' Morris & Essex Railroad, 
' Rensselaer & Saratoga Railroad, 
Farmers 1 Loan & Trust Company stock, . 
United States government bonds, 
N. Y., Lack. & Western Railroad bonds, . 
Chicago & Southwestern Railroad bonds, 
North Wisconsin Railroad bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Chicago, Rock Island & Pacific R.R. bonds, 
Fremont, Elkhorn & Mo. Railroad bonds, 
Chicago, Mil. & St. Paul Railroad bonds, 
Chicago & Northwestern sinking fund bonds 
Baltimore & Ohio Railroad bonds, . 
Pennsylvania Company Railroad bonds, . 
Morris & Essex Railroad bonds, 
Michigan Central Railroad bonds, . 
Lake Shore & Michigan Southern R.R. bonds 
Canada Southern Railroad bonds, . 
Chic, St. Paul, Minn. & Omaha R.R. bonds, 
Albany & Susquehanna Railroad bonds, . 
Detroit & Bay City Railroad bonds, 
Northern Pacific Railroad bonds, 
Louisville & Nashville Railroad bonds, . 
Evansville & Indianapolis Railroad bonds, 
Consolidated Gas Co. of New York bonds, 



and Bonds. 

Par Value. 

$476,000 00 
340,000 00 
325,000 00 
125,000 00 
49,000 00 
24,500 00 
29,400 00 
60,000 00 
12,500 00 
44,300 00 
51,700 00 
95,000 00 
36,000 00 
70,000 00 
25,000 00 
10,000 00 
90,000 00 
200,000 00 
10,000 00 
30,000 00 
40,000 00 
35,000 00 
10,000 00 
106,000 00 
49,000 00 
10,000 00 
50,000 00 
110,000 00 
23,000 00 
40,000 00 
25,000 00 
25,000 00 
25,000 00 
20,000 00 
52,500 00 
15,000 00 
25,000 00 
20,000 00 



Market Value. 

$560,309 66 

368,829 17 

325,000 00 

133,616 68 

49,000 00 

24,500 00 

29,400 00 

66,000 00 

31,978 98 

99,744 18 

56,983 33 

106,135 00 

55,613 30 

100,150 10 

42,437 50 

71,600 00 

99,675 00 

245,648 91 

10,364 27 

36,527 22 

41,850 03 

35,308 10 

11,860 95 

108,655 39 

51,110 47 

8,791 67 

50,906 58 

145,612 53 

23,742 74 

44,970 76 

25,873 11 

28,805 58 

28,375 00 

23,086 07 

42,658 24 

15,280 91 

20,000 00 

20,388 00 



!,783,900 00 f3,240,789 43 



132 



QUEEN INSURANCE CO. OF AMERICA. 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . . . . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, 

Reinsurance due, 

Prem's more than three mos. due, f 6,953 73 

Gross assets, 

Deduct special deposits in other States, . 



Balance, 



Liabilities 



Losses adjusted, unpaid, . 

claimed and reported, . . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Miscellaneous, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, 



31, 1896. 

$466,222 09 

3,240,789 43 

19,590 32 

281,914 18 

41,505 30 

298,795 77 

551 45 

22 80 



$4,349,391 34 
431,900 00 

|3,917,491 34 



,817 06 
81,810 16 
33,270 00 

$171,897 22 
2,555 94 

$169,341 28 

1,642,275 68 

16,619 89 

69,656 66 

33,973 46 

4,183 57 

$1,936,050 54 
299,054 44 



Surplus over capital, 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, ..... 

Net collected, ..... 
Premiums on risks written or renewed, . 

Total, ...... 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sour 



!,636,996 10 
2,280,495 24 
500,000 00 

$1,780,495 24 



$298,258 70 

934 99 

$297,323 71 

2,551,818 86 



$2,849,142 57 
306,300 95 

$2,542,841 62 
524,766 18 



ces, 



! ,018,075 44 
134,715 91 



Gross cash income, $2,152,79135 



THE HEADING FIRE INSURANCE CO. 



133 



Expenditures. 

Cash paid for fire losses, $ 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



,212,445 32 
49,815 13 



1,162,630 19 

50,000 00 

319,002 05 

161,334 47 

48,035 71 

128,276 74 

1,869,279 16 



Risks and Pkemtums. 

Premiums. 

Fire risks outstanding Dec. 31, 1895, . $305,048,633 00 $3,456,534 11 



Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of }*ear, . 
Deduct amount reinsured, 

Net amount in force, . 



226,595,623 00 '2,551,818 86 



$531,644,256 00 $6,008,352 97 
225,617,066 00 2,581,884 19 



$306,027,190 00 $3,426,468 78 
16,401,221 00 168,874 22 



289,625,969 00 $3,257,594 56 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared during the year (10"per cent ), 

Company's stock owned by directors, 



f 12,069,686 00 
6,634,601 00 
1,104,664 00 
100,000 00 
50,000 00 
7,000 00 



"THE READING FIRE INSURANCE COMPANY," READING, PA. 

[Incorporated July 8, 1867. Commenced business July 8, 1867. J 

Paid-up Capital, $ 250,000. 

Wit, A. ARNOLD, President. S. E. ANCONA, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Philadelphia & Reading Railroad bonds, . . . $36,000 00 $ 34,020 00 

Perkiomen Railroad bonds, . . . .' 2,000 00 2,020 00 

United States bonds, 30,000 00 33,000 00 

250 shares Reading Gas Company, . . . 6,250 00 15,250 00 



334 



THE READING EIRE INSURANCE CO. 



124 shares So. Reading Market House Co., 
200 " East Pennsylvania Railroad, . 
150 " National Union Bank, Reading, 

50 " Farmers 1 National Bank, Reading, 
100 " Second National Bank, Reading, 
720 " Reading Trust Company, 

70 " Reading City Passenger Railwaj T , 
Reading City Passenger Railway bonds, . 
South Reading Market House Company scrip, 



Tar Value. 

$3,100 00 

10,000 00 

3,750 00 

1,500 00 

10,000 00 

72,000 00 

3,500 00 

6,000 00 

900 00 



Market Value. 

$4,030 00 

10,600 00 

13,650 00 

3,750 00 

18,000 00 

93,600 00 

7,560 00 

6,375 00 

900 00 



$185,000 00 $242,755 00 



Securities held as collateral for cash loans 

80 shares National Union Bank, 

5 " Citizens 1 Bank, 
51 " Reading Trust Co., . 
70 " National Union Bank, 
25 " Second National Bank, 
8 " First National Bank, 
89 " Reading Hardware Co , 
10 " Second National Bank, 

150 " Keystone Wagon Company, 
39 k ' South Reading Market House Co., 
70 " Philadelphia & Reading Railroad, 

Philadelphia & Reading Railroad bonds, 

Reading Foundry Co. bonds, 

Judgment notes secured, .... 

Assignment of mortgage, .... 



Market Value. 

$7,280 00 
340 00 
6,630 00 
6,370 00 
4,500 00 
1,744 00 

11,125 00 
1,800 00 

15,000 00 

1,267 50 

918 75 

6,187 50 

25,000 00 

150 00 

3,500 00 



Loaned Thereon. 

$6,500 00 

2,400 00 
5,000 00 

3,000 00 

8,000 00 

1,500 00 

9,000 00 

700 00 

6,000 00 

25,000 00 
150 00 
500 00 



il,812 75 $67,750 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the companj^, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, . 

Reinsurance, 

Gross assets, 



$64,700 00 

320,449 00 

3,107 17 

242,755 00 

67,750 00 

17,936 21 

44,744 32 

1,115 18 

31,309 38 

78 97 

340 80 



$794,286 03 



* Value of lands mortgaged $248,900 00 

Value of buildings thereon 464,150 00 

Amount of insurance held as collateral, 



342,115 00 



THE READING FIRE INSURANCE CO. 



335 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reelaimable on perpetual fire policies, 
Dividends to stockholders, unpaid, . 
State and local taxes, 
Commissions and brokerage, . 
Return premiums, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . . 



$14,605 77 
8,142 57 
6,600 00 

249,840 02 
4,442 92 
1,148 80 
1,055 63 
6,215 02 
3,728 18 



$295,778 91 



Surplus over capital, . 



,507 12 
250,000 00 

$248,507 12 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $29,472 31 
Premiums on risks written or renewed, . . 374,596 49 

Total, $404,068 80 

Premiums now in course of collection, . . 31,309 38 

Entire premiums collected, .... $372,759 42 
Less reinsurance and return premiums, . . 11,783 96 

Net cash fire premiums received, . . . $360,975 46 

Interest received on mortgages, 20,015 02 

Interest and dividends received from all other sources, . 12,750 93 

Income from rents and commissions, 3,060 05 

Gross cash income, ... ..... $396,801 46 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, . . 
for incidentals, .... 



$192,400 67 
4,586 74 



f 187,813 93 
19,940 40 
63,803 79 
11,783 00 
8,311 76 
29,967 67 



Gross cash expenditures, 



$321,620 55 



336 THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Total,. 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Perpetual risks in force, . 



. $46,680,764 00 
. 31,869,320 00 



. 178,550,084 00 
. 34,963,085 00 



. $43,586,999 00 
582,249 00 

. f43,004,750 00 

$146,750 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent), . 
Company's stock owned by directors, . 



Premiums. 

$543,965 72 
374,596 49 



,562 21 

417,595 25 

$500,966 96 
6,090 03 

$494,876 93 

$4,715 20 



$4,120,528 00 

2,234,941 00 

169,154 00 

437,561 00 

20,000 00 

57,900 00 



"THE RELIANCE INSURANCE COMPANY OF PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 21, 1841. Commenced business Aug. 9, 1844.] 

Paid-up Capital, $300,000. 

WILLIAM CHUBB, President. CHAS. J. WISTER, Jr., Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $15,000 00 $16,575 00 

City of Philadelphia bonds, .... 10,000 00 10,700 00 

City of Pittsburgh, Pa., bonds, .... 48,000 00 50,430 00 

City of Quincy, 111., bonds, .... 15,000 00 15,000 00 

City of Wilmington, Del., bonds, . . . 20,000 00 21,500 00 

City of Chester, Pa., bonds, .... 5,000 00 5,200 00 

So. Bethlehem, Pa, bonds, .... 4,00000 4,04000 

Atlantic City, N. J., bonds, . . . . 5,000 00 5,100 00 

New Castle' County, Del , bonds, . . . 5,000 00 5,600 00 

United Company of New Jersey bonds, . . 5,000 00 5,425 00 

Lehigh Coal & Navigation Co bonds, . . 20,000 00 20,400 00 

Lehigh Valley Railroad Co. bonds, . . . 45,000 00 45,600 00 

Easton & Amboy Railroad Co bonds, . . 20,000 00 21,300 00 

North Pennsylvania Railroad Co. bonds, . . 15,000 00 17,800 00 

Louisville & Nashville Railroad Co. bonds, . 8,000 00 9,040 00 

Northern Central Railroad Co. bonds, . . 10,000 00 11,175 00 

Philadelphia & Erie Railroad Co. bonds, . 25,000 00 29,625 00 



THE RELIANCE INSURANCE CO. OF PHILADELPHIA. 337 



Phila. & Baltimore Central R.R. Co. bonds, 
Pennsylvania Railroad Co. consols bonds, 
Steuben rille & Ind. Railroad Co. bonds, . 
Camden & Atlantic Railroad Co. bonds, . 
Penn. & New York Canal Co. bonds, 
Car Trust of New York certificates, 
Allentown Terminal Railroad Co. bonds, 
Philadelphia & Reading Railroad Co. bonds, 
Delaware River Ferry Co. bonds, 
200 shares Commercial Natl Bank stock, 

25 " Mechanics' National Bank stock, 
Philadelphia Traction Co. bonds, 
People's Pass. R'y Co. stock trust certificates 
Pennsylvania & New York Canal Co. bonds, 
New York & Long Branch R.R. Co. bonds, 
Second Ave. Tract. Co., Pittsburgh, Pa., bonds 
International Navigation Co. bonds, 
Huntingdon & B. T. Mt. R.R. & Coal Co. b'ds 
Omaha Water Co. bonds, .... 
Pitts., Chart'rs <& Youghiogheny R'y Co. b'ds 
Pitts , Cin. & St. Louis R'y Co. bonds, 



Tar Value. 

$10,000 00 

4,000 00 
10,000 00 
30,000 00 
40,000 00 

1,000 00 
15,000 00 
20,000 00 
10,000 00 
10,000 00 

2,500 00 

5,000 00 
10,000 00 
20,000 00 

5,000 00 
15,000 00 

5,000 00 
10,000 00 
10,000 00 

7,000 00 
10,000 00 



Market Value 

$10,500 00 

4,760 00 

11,000 00 

31,500 0) 

43,200 00 

1,000 00 

15,150 00 

22,800 00 

10,200 00 

6,000 00 

2,625 00 

5,075 00 

9,400 00 

19,300 00 

5,500 00 

15,450 00 

5,050 00 

10,600 00 

10,000 00 

7,700 00 

11,000 00 



$524,500 00 $552,320 00 



$973,294 58 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $90,000 00 

Loans on mortgage of real estate (first liens *), 250,540 00 

Interest due or accrued thereon, . . . 3,623 28 

Stocks and bonds, as per schedule, . . . 552,320 00 

Cash in the office of the company, . . . 672 02 

Cash deposited in bank, 27,199 67 

Premiums in course of collection (gross), . 48,033 61 

Rents due and accrued, 321 00 

Perpetual insurance deposit, .... 585 00 

Gross assets, . . . . . 

Liabilities. 

Losses adjusted, unpaid, $2,522 86 

claimed and reported, .... 20,683 97 

disputed or resisted, . . . . 11,938 22 

Total amount of losses, . . . . . $35,145 05 

Less reinsurance, , 3,224 28 

Net amount of unpaid losses, .... $31,92077 

Unearned premiums on outstanding risks, . 241,288 83 

Reclaimable on perpetual fire policies, . . 133,796 80 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$225,600 00 
280,400 00 
180,816 00 



338 



THE KELIANCE INSURANCE CO. OF PHILADELPHIA. 



Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital 

Surplus as regards policy holders, 
Paid-up capital, . . . 



Surplus over capital, . 



,433 12 

4,632 77 



$422,072 29 

$551,222 29 
300,000 00 

$251,222 29 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received cm mortgages, 

Interest and dividends received from all other 

Income from rents, ...... 

Income from surveys, etc., 

Deposits received for perpetual fire risks, 

Gross cash income, .... 

Expenditures 

Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employ 
for State and local taxes, 
for general expenses, 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, . 



! ; 928 51 
377,501 21 

$424,429 72 
48,033 61 

$376,396 11 
76,372 93 



sources, 



>,662 50 



$196,655 63 
23,484 86 



ees, 



t,414 50 



Risks and Premiums. 
Fire risks outstanding Dec. 31, 1895, . . $42,667,693 00 



Fire risks written during 1896, 



Total, . . . . 
Deduct risks expired and terminated, 

In force at end of }'ear, 
Deduct-amount reinsured, 

Net amount in force, . 



Perpetual risks in force (not incPd above), 



. 34,606,090 00 



.$77,273,783 00 
. 33,173,960 00 



.$44,099,823 00 

. 3,863,874 00 

. $40,235,949 00 

. $5,340,894 00 



$300,023 18 

10,334 75 

27,117 35 

911 07 

429 71 

$338,816 06 



$173,170 77 
18,000 00 
71,131 29 
24,499 91 
9,817 49 
16,680 14 

$313,299 60 

Premiums. 

$491,278 10 
377,501 21 

$868,779 31 
359,208 02 

$509,571 29 
44,750 31 

$464,820 98 

$144,645 17 



ROCHESTER GERMAN INSURANCE CO. 



339 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, . * . 



$4,343,676 00 

2,677,943 00 

165,093 00 

844,597 00 

18,000 00 

43,150 00 



"ROCHESTER GERMAN INSURANCE COMPANY OF ROCHESTER, 
NEW YORK," ROCHESTER, N. Y. 

[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.] 

Paid-up Capital, $200,000. 

FREDERICK COOK, President. H. F. ATWOOD, Secretary. 



Detailed Statement of Stocks and Bonds. 



Rochester Railway bonds, 
Georgia State bonds, .... 

German American Bank of Rochester stock, 
Title and Guarantee Co. of Rochester stock, 



Par Value. 

$200,000 00 
25,000 00 
10,000 00 
10,000 00 



Market Value. 

$200,000 00 
25,000 00 
21,000 00 
10,000 00 



$245,000 00 $256,000 00 



Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, 

Cash in the office of the company, 

Cash deposited in bank, . 

Interest due and accrued, 

Premiums in course of collection (gross) 

Gross assets, .... 
Deduct special deposits in other States, 



Balance, 



31, 1896. 

$193,302 13 

393,366 37 

7,703 35 

256,000 00 

1,046 47 

66,302 63 

2,500 00 

57,337 22 



$977,558 17 
25,000 00 

$952,558 17 



Liabilities. 

Losses adjusted, unpaid, . ... . $548 49 

claimed and reported, ... . 8,600 36 

disputed or resisted, .... 3,100 00 

* Value of lands mortgaged, $514,300 00 

Value of buildings thereon, 430,690 00 

Amount of insurance held as collateral, 373,350 00 



340 



ROCHESTER GERMAN INSURANCE CO. 



Unearned premiums on outstanding risks, . $275,375 24 
Commissions and brokerage, . . . . 21,917 91 

Gross liabilities, except capital, . . $309,542 00 
Deduct liability on special deposits, . . 660 48 

Surplus as regards policy holders, 

Paid-up capital, . . , 



$308,881 52 

$643,676 65 
200,000 00 



Surplus over capital, . $443,676 65 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Discount, . . . . 



Gross cash income, .... 

Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, . . . . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, . 



1,879 87 
507,730 71 

$563,610 58 
57,337 22 

|506,273 36 
158,090 69 



sources, 



$185,006 82 
26,413 12 



$348,182 67 

18,419 70 

11,592 25 

10,446 24 

781 70 

$389,422 56 



$158,593 70 
20,000 00 
66,015 18 
28,348 19 
14,459 85 
35,123 98 

$322,540 90 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$59,100,176 00 $632,475 00 
45,777,017 00 507,730 71 



Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$104,877,193 00 $1,140,205 71 
50,382,758 00 570,721 50 



$54,494,435 00 $569,484 21 
508,140 00 5,094 05 



$53,986,295 00 $564,390 16 



RUTGERS FIRE INSURANCE CO. 



34L 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (LO per cent.), 
Company's stock owned by directors, .... 



17,902,700 00 

4,510,141 00 

143,151 00 

419,000 00 

20,000 00 

39,912 00 



"RUTGERS FIRE INSURANCE COMPANY, 1 ' NEW YORK, N. Y. 

[Incorporated Oct. 3, 1853. Commenced business Oct. 10, 1853.] 

Paid-up Capital, $200,000. 

EDWARD B. FELLOWS, President. HENRY C. KREISER, Secretary. 



Detailed Statement of Stocks 

District of Columbia bonds, .... 
240 shares N. Y. Cen. & Hudson River R R., . 
300 
466 
300 
50 
187 



Delaware, Lacka. & Western R.R., 
Delaware and Hudson Canal Co , . 
Consolidated Gas Company, N. Y., 
Long Island Railroad, 
Tradesmen's National Bank, N. Y., 



and Bonds. 

Par Value. 

850,000 00 
24,000 00 
15,000 00 
46,600 00 
30,000 00 
2,500 00 
7,480 00 



Market Value. 

$54,500 00 

22,560 00 

23,775 00 

54,405 50 

42,150 00 

1,075 00 

6,956 40 



Summary of Assets Dec. 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Prem's more than three mos. due, $151 44 
Gross assets, 



$175,580 00 $205,421 90 


31, 1896. 


$69,500 00 


28,700 00 


505 83 


205,421 90 


2,365 82 


14,430 38 


1,751 43 


10,815 54 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



Liabilities. 



11 
3,701 00 

2,000 00 

^5,769 11 
637 50 

^5,131 61 



* Value of lands mortgaged, ....... $44,500 00 

Value of buildings thereon, 26,500 00 

Amount of insurance held as collateral, 26,050 00 



342 



RUTGERS FIRE INSURANCE CO. 



Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc , 
State and local taxes, 
Commissions and brokerage, . 
Return premiums, . . . . 

Reinsurance, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 



$56,149 75 

90 22 

116 95 

2,002 01 

1,126 66 

248 84 



|64,866 04 

$268,624 86 
200,000 00 



Surplus over capital, 



,624 86 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, . . : . 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 



Gross cash income, 



,715 51 

74 50 



$14,641 01 
111,714 40 

$126,355 41 
10,966 98 

$115,388 43 
15,817 59 



sources, 



,570 84 
1,385 00 
9,918 01 
2,205 00 



$113,078 85 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 



$53,529 45 
3,159 60 



$50,369 85 

20,000 00 

23,501 06 

11,370 00 

2,609 68 

6,908 27 



Gross cash expenditures, 



$114,758 86 



SCHUYLKILL FIRE INSURANCE CO. 



343 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount reinsured, 

Net amount in force, 



$11,823,289 00 
. 10,455,155 00 

. $22,278,444 00 
. 10,998,957 00 

.$11,279,487 00 
253,127 00 



Premiums. 

$122,416 93 
111,714 40 

$234,131 33 

120,022 90 

$114,108 43 
2,787 46 



.$11,026,360 00 $111,320 97 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, ... * 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



^3,732,502 00 

1,585,791 00 

41,593 00 

1,138,000 00 

20,000 00 

61,300 00 



"SCHUYLKILL FIRE INSURANCE COMPANY," PHILA., PA. 

[Incorporated Aug. 29, 1895. Commenced business Sept. 13, 1895.] 
Paid-up Capital, $200,000. 
ALEXANDER BALFOUR, President. PERCY W. CLARK, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, . ..... $111,00000 

Schuylkill River East Side bonds, . . . 23,000 00 



Market Value. 

$126,817 50 
23,690 00 



$134,000 00 $150,507 50 



Summary of Assets Dec. 31, 1896. 






Loans on mortgage of real estate (fir 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, 
Cash in the office of the company, 
Cash deposited in bank, . 
Interest due and accrued, . , . 
Premiums in course of collection (gross), 
Gross assets, 



st liens *), 



$99,000 00 

1,164 67 

150,507 50 

4,694 89 

37,086 26 

1,020 83 

52,283 08 



$345,757 23 






* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$198,000 00 
18,500 00 



344 



SCHUYLKILL FIRE INSURANCE CO. 



Liabilities. 

Losses claimed and reported, . 
Losses disputed or resisted, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Reinsurance, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



$6,850 00 

2,500 00 

71,652 31 

10,456 61 

5,414 69 

9,711 02 



$106,584 63 

$239,172 60 
200,000 00 

,172 60 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $21,521 70 
Premiums on risks written or renewed, . . 231,622 98 

Total, . . $253,144 68 

Premiums now in course of collection, . . 52,283 08 

Entire premiums collected, .... $200,861 60 
Less reinsurance and return premiums, . . 39,752 28 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 



$161,109 32 
3,763 97 
5,462 58 



Gross cash income, $170,335 87 



Expenditures. 

Cash paid for fire losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



$56,117 12 

24,279 58 

3,270 00 

1,504 90 

2,348 60 

$87,520 20 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, . 

Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, ... . 



$2,568,784 00 
18,058,064 00 

$20,626,848 00 
6,445,922 CO 

$14,180,926 00 
4,001,919 00 



Premiums. 

$36,542 37 
231,622 98 

$268,165 35 
69,834 08 

$198,331 27 
55,026 64 



$10,179,007 00 $143,304 63 



SECURITY INSURANCE CO. 



345 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$229,776 00 

56,201 00 

62,383 00 

200,000 00 



" SECURITY INSURANCE COMPANY OF NEW HAVEN," 
NEW HAVEN, CONN. 

[Incorporated April, 1841. Commenced business April, 1841.] 

Paid-up Capital, $200,000. 

CHAS. S. LEETE, President. H. MASON", Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Tradesmen's National B'k, New Haven, stock, $16,000 00 $22,720 00 

Second National Bank, New Haven, stock, . 11,700 00 19,890 00 

Merchants' National Bank, New Haven, stock, 25,000 00 22,500 00 

Yale National Bank, New Haven, stock, . . 20,000 00 23,300 00 

New Haven Nat'l Bank, New Haven, stock, . 21,000 00 35,7C0 00 

New Haven Co. Nat'l B'k, New Haven, stock, 18,830 00 26,362 00 

First National Bank, New Haven, stock, . . 13,300 00 18,620 00 

American Exchange N'l B'k, New York, stock, 10,000 00 17,300 00 

Western National Bank, New York, stock, . 7,500 00 8,700 00 

Southern New England Telephone Co. stock, . 9,000 00 9,000 00 

New York Steam Power Company stock, . 2,500 00 1,543 33 

Chicago, Rock Island & Pacific R.R. stock, . 11,000 00 7,315 00 

Cleve., Cin., Chicago & St. Louis Ry. stock, . 10,000 00 7,400 00 

Illinois Central Railroad stock, . . . 10,000 00 9,200 00 

Delaware & Hudson Canal Company stock, . 10,000 00 11,900 00 

Baltimore & Ohio R.R. receivers' certificates, . 10,000 00 10,200 00 

Macon, Ga., Gas Light & Water Co. bonds, . 10,000 00 6,500 00 

Minneapolis & St. Louis Railroad bonds, . 4,000 00 4,680 00 

New York & New England Railroad bonds, . 28,000 00 32,500 00 

New York, New Haven & Hartford Railroad, 5,000 00 6,800 00 

Columbus & Hocking Coal & Iron Co. bonds, 10,000 00 8,000 00 

Southern Railway bonds, 10,000 00 9,200 00 

Central Railroad of Georgia bonds, . . . 5,000 00 1,350 00 

Southern New England Telephone Co. bonds, 2,000 00 2,050 00 

City of Indianapolis* bonds, . . . 7,200 00 7,200 00 

City of Omaha, Neb., bonds, .... 10,000 00 10,800 00 

City of Superior, Wis., bonds, .... 10,000 00 10,000 00 



$307,030 00 $350,73033 



346 



SECURITY INSURANCE CO. 



Securities held as collateral for cash loans : — 

Merchants 1 Nat'l Bank, New Haven, stock, 
Birmingham N'l B'k, Birmingham, Ct, stock, 
U. S. Rubber Co. stock, . 
Southern New England Telephone Co. stock, 
Merchants 1 Natfl Bank, New Haven, stock, 
City Bank, New Haven, stock, . 
Mechanics 1 Bank, New Haven, stock, 
Merchants 1 Na^l Bank, New Haven, stock, 
New Haven Water Co. stock, . 
Mercantile Safe Dep. Co., New Haven, stock 

Southern R'y bonds, 

Delaware & Hudson Canal Co. stock, 

Rutland R.R. bonds, 

Bristol R.R. bonds, , 



Market Value. Loaned Thereon. 



$450 00 
3,000 00 
2,730 00 
5,400 00 
6,750 00 
4,026 00^ 
390 00 | 
450 00 [ 
1,500 00 | 
600 00 j 
6,440 00 
11,900 00n 
9,200 00 S 
7,000 00 ) 



$2,500 00 

2,100 00 
10,000 00 

5,500 00 

5,000 00 
20,000 00 

$59,836 00 $45,100 00 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Gross assets, 

Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, ..... 



Surplus over capital, . 



31, 1896. 

$81,300 00 

148,418 78 

1,235 61 

350,730 33 

45,100 00 

128 77 

50,667 42 

1,028 69 

73,628 03 

3,428 80 



$6,295 34 

28,848 01 

4,975 00 



$755,666 43 



,118 35 
3,832 65 



1,285 70 

387,235 03 

16,055 35 

1,057 36 



440,633 44 

$315,032 99 
200,000 00 

$115,032 99 



* Value of lands mortgaged, 
Value of buildings thereon, 
Amouut of insurance held as collateral, 



$321,955 00 
121,600 00 
121,600 00 



SECURITY INSURANCE CO. 



347 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, . . . . 



Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ..... 



Gross cash income, 



$74,309 03 
2,032 10 



$72,276 
626,855 


93 
14 


$699,132 07 
68,573 89 


$630,558 
139,376 


18 
46 


$4,664 01 
52 06 


$4,611 
44,023 


95 
41 


$48,635 
5,054 


36 
14 


$43,581 
10,675 


22 

62 



sources, 



$491,181 72 



32,905 60 
7,464 80 

23,802 30 
1,204 74 

$556,559 16 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, . . . . , 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 



$279,509 58 
23,642 74 



$87,903 99 
39,668 21 



>55,866 84 



48,235 78 

12,000 00 

120,815 30 

48,648 07 

7,505 33 



Gross cash expenditures, 



$493,071 32 



348 



SPRING GARDEN INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written daring 1896, 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec 31, 1895, 
Marine risks written during 1896, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 



$67,631,390 00 

65,801,368 00 

$133,432,758 00 

54,540,17 00 

$78,892,581 00 

4,555,840 00 



$504,020 00 
3,520,246 00 

$4,024,266 00 
3,395,053 00 

$629,213 00 
123,539 00 



Premiums. 

$690,465 20 
626,855 14 

1,317,320 34 
575,343 88 

$741,976 46 
55,302 52 



$74,336,741 00 $686,673 94 



Jl 6,535 29 
44,023 41 



,558 70 

39,917 44 

$20,641 26 

3,171 67 



$505,674 00 $17,469 59 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), . 
Company's stock owned by directors, .... 



^9,473,842 00 

6,425,107 00 

257,618 00 

41,772 00 

439,281 00 

12,000 00 

57,320 00 



"SPRING GARDEN INSURANCE COMPANY," PHILADELPHIA, PA. 

[Incorporated April 15, 1835. Commenced business Aug. 29, 1835.] 
Paid-up Capital, $400,000. 
CHAS. ROBERTS, President. CLARENCE E. PORTER, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Allegheny Valley Railroad bonds, . . . 820,000 00 $25,400 00 

Baltimore Traction bonds, .... 20,000 00 20,000 00 

Bells Gap Railroad bonds, .... 20,000 00 22,700 00 

Buffalo Railway bonds, 5,000 00 5,000 00 

Camden & Atlantic Railroad bonds, . . 10,000 00 11,800 00 

Camden, N. J., Horse Railroad bonds, . . 15,000 00 15,750 00 

Chicago & Western Indiana Railroad bonds, . 15,000 00 17,475 00 

Clearfield & Jefferson Railroad bonds, . . 15,000 00 17,250 00 



SPRING GARDEN INSURANCE CO. 



;40 









Cleve., Columbus, Cin. & Indiana R.R. bonds, 
Cleveland Electric Railway bonds, . 
Columbus & Cincinnati Midland R.R. bonds, 
Easton & Amboy Railroad bonds, . 
Edison Electric gold trust certificates, 
Electric & People's Traction certificates, . 
International Navigation Co. of N. J. bonds, 
Jacksonville & St Louis Railway bonds, 
Jacksonville Southeastern Railway bonds, 
Jacksonville, Tampa & Key West R.R. bonds 
Lehigh Coal & Navigation Co. bonds, 
Lehigh Valley Coal Co. bonds, 
Lehigh Valley Railroad bonds, 
Lehigh Valley R'y of New York bonds, . 
Mortgage Trust Co of Pennsylvania bond", 
New York & Long Branch Railroad bonds, 
Northern Pacific R.R. and Land Grant bonds, 
Oglethorpe Savings &Tr. Co., Sav., Ga., cert's, 
2»j0 shares Pennsylvania Nat 1 ! Bank of Phila., 
Pennsylvania & N. Y. Canal and R R. bonds, 
Pennsylvania & Northwestern R.R. bonds, 
Pennsylvania Steel Co. bonds, . 
People's Passenger R'y bonds, . 
Philadelphia & Reading Railroad bonds, 
Phila , Reading & New England R.R. bonds, 
Pitts., Cincinnati & St. Louis R.R. bonds, 
Sanitary Dist. of Chicago bonds, 
Schuylkill River East Side Railroad bonds, 
Steubenville & Indiana Railroad bonds, . 
St. Louis Merchants 1 Bridge Terminal R'y, 
Sunbury, Hazelton & Wilkesbarre R'y bonds 
Terre Haute & Logan sport Railroad bonds, 
United Gas Improvement Co. bonds, 
Wilmington & Northern Railroad bonds, 



Securities held as collateral for cash loans : — 



Lehigh Valley Annuity bonds, . 
300 shares Pennsylvania Railroad Company, 
500 " Philadelphia Traction Company, 
200 " Welsbach Light, 

12 " Metropolitan Traction Company, 
Kansas City Railway bonds, 
Reading Car Trust certificates, 
Bloomington City (111.) Railway bonds, . 
Ground rents, 



Par Value. 

$10,000 00 

5,000 00 
20,000 00 
10,000 00 
25,000 00 
30,400 00 
10,000 00 
29,000 00 

7,000 00 
10,000 00 
20,000 00 
10,000 00 
20,000 00 

5,0u0 00 
25,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
25,000 00 
10,000 00 
30,000 00 
80,000 00 
30,000 00 
30,000 00 
10,000 00 
10,000 00 

5,000 00 
10,000 00 
10,000 00 
20,000 00 
10,000 00 
25,000 00 



Market Value. 

$12,200 00 

5,050 00 

12,400 00 

10,700 00 

23,750 00 

21,280 00 

10,200 00 

14,600 00 

7,000 00 

6,000 00 

25,400 00 

9,650 00 

24,600 00 

5,100 00 

25,' 00 00 

11,400 00 

11,500 00 

10,000 00 

17,000 00 

10,700 00 

25,500 00 

10,000 00 

30,550 00 

87,000 00 

12,000 00 

33,000 00 

10,650 00 

10,200 00 

5,525 10 

10,400 00 

10,700 00 

17,000 00 

10,500 00 

26,250 00 



1711,400 00 |708,180 00 



Market Value. Loaned Thereon. 



$14,760 00 

15,525 00^1 

33,375 00 

8,400 00 

1,308 00 

4,800 00 

2,000 00 J 

13,500 00 

54,000 00 



f 13,500 00 



)> 54,000 00 



10,091 25 
32,020 00 



$147,668 00 $109,611 25 



350 



SPRING GARDEN INSURANCE CO. 



Summary of Assets Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, . e . 
Rents due and accrued, . . . 
Reclaimable on perpetual deposits, . 
Prem's more than three mos. due, $595 24 
Gross assets, 

Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, . . ... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . . • . 

Surplus over capital, 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, . . . . . 
Premiums now in course of collection, 

Entire premiums collected, . . . 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 



31, 1896. 

$318,000 00 

176,000 00 

3,706 27 

708,180 00 

109,611 25 

13,739 15 

28,984 22 

1,886 40 

125,697 48 

1,290 00 

105 50 

225 00 



$4,804 35 

62,502 61 

9,575 00 



81 96 
24,484 61 

$52,397 35 

411,492 37 

383,684 57 

2,542 99 

1,279 11 

18,435 05 

39,249 44 

31,379 09 



[,581 95 

773,479 76 

$835,061 71 

126,292 48 



,769 23 
194,515 29 



:,487,425 27 



940,459 97 

$546,965 30 
400,000 00 

$146,965 30 



sources, 



$514,223 94 

9,469 92 

41,234 45 



* Toial value of property mortgaged, 
Amount of insurance held as collateral, 



$345,575 00 
178,500 00 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



351 



Income from rents, 

Income from all other sources, 

Deposits received for perpetual fire risks, 



$1,085 21 
1,411 14 



$17,266 04 



Gross cash income, $508,324 66 



Expenditures. 

Cash paid for fire losses, $292,374 61 

Deduct salvage and reinsurance, . . . 46,451 72 

Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, 

for incidentals, 

Deposits returned on perpetual fire risks, . §9,901,44 

Gross cash expenditures, . 



$245,922 89 
32,000 00 
119,545 76 
24,832 76 
21,328 74 
40,799 32 



$484,429 47 



Risks and Premiums. 

Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, , 
Deduct amount reinsured, 

Net amount in force, . 

Perpetual risks in force (not incl'd above), 



Premiums. 

$71,609,508 00 $734,511 88 
81,187,837 00 773,479 76 



$152,797,345 00 $1,507,991 64 
59,368,450 00 624,178 64 



$93,428,895 00 $883,813 00 
14,003,424 00 135,168 47 



),425,471 00 $748,644 53 
$17,685,764 00 $420,760 63 



Miscellaneous. 
Losses paid from organization of company, . , 
Fire losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (8 per cent.), . 
Company's stock owned by directors, 



14,011,185 00 
251.531 00 

1,833,215 00 
32,000 00 
78,200 00 






"ST. PAUL FIRE AND MARINE INSURANCE COMPANY," 

ST. PAUL, MINN. 

[Incorporated May, 1865. Commenced business May, 1865.] 

Paid-up Capital, $500,000, 

C. H. BIGELOW, President. A. W. PERRY, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

320 shares First National Bank, St. Paul, . $32,000 00 $76,800 00 

500 " Merchants' National Bank, St. Paul, 50,000 00 80,000 00 

50 " Second National Bank, St. Paul, . 5,000 00 12,500 00 



352 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



332 shares St. Paul National Bank, St. Paul, 
45 " First National Bank, Alexandria, 
60 " Flour City Nat'l Bank, Minneapolis 
50 " St. Paul Trust Company, St. Paul, 
50 " West Publishing Co , St. Paul, 
30 " First National Bank, St. Peter, 
50 " First National Bank, Stillwater, 
45 " North west'n Nat'l B'k, Minneapolis 
125 " First National Bank, Minneapolis, 
60 " American Exchange Bank, Duluth 
100 " First National Bank, Duluth, . 
50 " Northwestern Nat'l Bank, Superior 
100 " North Amer. Tel. Co., Minneapolis 
City of St. Paul, Minn., certificates, . 
City of Duluth, Minn., certificates, . 
City of Richmond, Va., bonds, . 
State of Georgia bonds, . 
City of Portland, Ore., bridge bonds, 
City of Portland, Ore., water bonds, 
County of Missoula, Montana, bonds, 
Chic, St. Paul, Minneap. & Omaha R'y bonds 
C. N. Nelson Lumber Co., Minnesota, bonds, 
City of Faribault, Minn., bonds, 
City of .Jordan, Minn., bonds, . 
Peoria Grape Sugar Co., Peoria, Til., bonds, 
Town of Vernon Centre, Minn., bonds, . 
Town of Jo Davies, Minn., bonds, . 
Town of Elmore, Minn , bonds, 
Town of Winnebago City, Minn., bonds, 
Village of Winnebago City, Minn., bonds, 
Town of Pilot Grove, Minn., bonds, . 
Town of Mazeppa, Minn., bonds, 
Town of Blue Earth City, Minn., bonds, . 
County of Kidder, N. D., bonds, 
County of Barnes & Cass, N. D.,sch'l dist bVls 
Village of Detroit, Minn , school district b'ds 
County of Carver, Minn., school district bonds 
School Dist. 11, Big Stone County, Minn, b'ds 
County of Jerauld, S.D., school township bonds 
County of Barnes & Cass, N. D., sch'l dist. b'ds 
Contracts of sale of lands, 
County of Ramsey tax sale certificate, 
County warrants, . . . . 



Securities held as collateral for cash loans : — 

242 shares Merchants' National B'k, St. Paul, . 
471 " Savings Bank, St Paul, . 
54 " Minnesota Land & Investment Co., 



Par Value. 

$33,200 00 

4,500 00 

6,000 00 

5,000 00 

2,500 00 

3,000 00 

5,000 00 

4,500 00 

12,500 00 

6,000 00 

10,000 00 

5,000 00 

10,000 00 

25,000 00 

10,000 00 

25,000 00 

25,000 00 

23,000 00 

27,000 00 

10,000 00 

50,000 00 

10,000 00 

25,000 00 

32,000 00 

2,000 00 

2,000 00 

5,500 00 

6,500 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

36,000 00 

9,000 00 

7,500 00 

5,000 00 

2,500 00 

3,000 00 

1,200 00 

2,100 00 

7,683 77 

2,669 17 

1,190 44 



Market Value. 

$26,560 00 

6,300 00 

6,600 00 

3,000 00 

3,750 00 

3,750 00 

8,750 00 

6,075 00 

12,500 00 

7,500 00 

10,000 00 

5,000 00 

10,000 00 

25,000. 00 

10,400 00 

25,000 00 

25,500 00 

26,405 00 

30,880 00 

10,910 00 

62,000 00 

10,000 00 

25,000 00 

32,000 00 

2,000 00 

2,000 00 

5,500 00 

6,500 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

36,000 00 

9,000 00 

7,500 00 

5,100 00 

2,500 00 

3,000 00 

1,200 00 

2,100 00 

7,683 77 

2,669 17 

1,190 44 



$575,043 38 $681,123 38 



Market Value. 

$38,720 00 
65,940 00 
16,200 00 



Loaned Thereon. 

$29,400 00 
60,600 00 
10,000 00 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



353 



77 shares Minneapolis Union Elevator Co., . 
345 " Farwell, Ozraun, Kirk & Co. stock, 

St. Paul, 

200 " Lake SupY Elev. Co. stock, Duluth, 

and real estate deed in St. Paul, . 

150 " North American Telegraph Co , . 

100 " Continental N'l B'k of Chicago, 111., 

50 " First N'l B'k, Little Falls, Minn., . 

70 " Strong-Hackett H'dware Co , St. P'l, 

75 " Rutland Co. N'l B 1 k, Rutland, Vt, . 
105 " Peoria Grape Sugar Co., Peoria, 111., 

65 " First N'l Bank of Pembina, N. D., . 

30 " St. Paul Title Ins. & Trust Co., . 
124 " Pioneer Press Co , St. Paul, Minn., 
Little Falls, Minn., Electric & Water Co. b'ds, 
Little Falls, Minn., Water Power Co bonds, . 
500 shares Spring Valley Coal Company, 
500 " St. Paul Foundry Company, . 



Market Value. Loaned Thereon. 

$10,010 00 $8,500 00 
37,950 00 22,700 00 



15,800 00 

15,000 00 

12,600 00 

7,500 00 

7,000 00 

10,500 00 

10,500 00 

7,150 00 

3,000 00 

4,030 00 

31,500 00 

22,500 00 

37,500 00 

25,000 00 



7,500 00 

10,000 00 

10,000 00 

5,000 00 

2,500 00 

7,500 00 

5,000 00 

5,500 00 

2,400 00 

3,200 00 

25,000 00 

11,606 03 

30,000 00 



$378,400 00 $256,406 03 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 

Gross assets, 

Deduct special deposits in other States, . 



$568,936 86 

412,394 22 

681,123 38 

256,406 03 

12,413 57 

119,553 64 

174,900 27 

26,589 51 



!,252,317 48 
50,500 00 



Balance . $2,201,817 48 



Liabilities. 

Losses adjusted, unpaid, . . . . . $37,595 36 

claimed and reported, .... 87,888 00 

disputed or resisted, .... 9,107 08 

Total amount of losses, $134,590 44 

Less reinsurance, 4,181 11 

Net amount of unpaid losses, .... $130,409 33 

Unearned premiums on outstanding risks, . 921,738 97 



* Total value of mortgaged property, 
Amount of insurance held as collateral, 



$923,800 00 
349,160 00 



354 



ST. PAUL FIRE AND MARINE INSURANCE CO. 



Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Paid-up capital, , 



Surplus over capital, 



$26,235 04 
21,826 54 

$1,100,209 88 
19,251 66 



$1,080,958 22 

. $1,120,859 26 
500,000 00 



,859 26 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, . 

Total, ....... 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 



Gross cash income, 



Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, . . 



),110 37 
1,398,156 73 

$1,588,267 10 
174,900 27 

$1,413,366 83 
215,730 29 

$27,863 01 
266,542 40 

$294,405 41 
26,589 51 

$267,815 90 
29,135 01 



sources, 



$1,197,636 54 



,572 08 

49,265 88 

$184,559 72 

21,175 64 



238,680 89 

42,940 10 

38,620 75 

10,008 25 

,527,886 53 



$641,306 20 



163,384 08 

50,000 00 

306,783 46 

68,242 70 

28,733 47 

86,230 67 

$1,344,680 58 



TEUTONIA INSURANCE CO. 



355 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$130,710,148 00 
98,483,351 00 

$229,193,499 00 
89,424,549 00 

|139,768,950 00 
5,547,953 00 



Premiums. 

$1,747,791 65 
1,398,156 73 

$3,145,948 38 
1,340,557 15 

$1,805,391 23 
69,223 75 



$134,220,997 00 $1,736,167 48 



$118,708 64 
266,542 40 

$385,251 04 
254,328 35 

$130,922 69 
5,563 49 

53,488,249 00 $125,359 20 



$3,499,065 00 
25,756,239 00 

$29,255,304 00 
25,614,955 00 

$3,640,349 00 
152,100 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent.), . 
Company's stock owned by directors, 



$21,177,840 00 

. 13,373,239 00 

645,585 00 

170,462 00 

. 1,296,694 00 

50,000 00 

65,300 00 



"TEUTONIA INSURANCE COMPANY OF NEW ORLEANS," 
NEW ORLEANS, LA. 

[Incorporated April 12, 1871. Commenced business June 1, 1871] 

Paid up Capital, $250,000. 

ALBERT P. NOLL, President. GEORGE MEYER, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

New Orleans city bonds, $220,000 00 

Louisiana State bonds, . . . „ . 160,000 00 

United States bonds, ..... 50,000 00 

100 shares Canal Rank, New Orleans, . . 10,000 00 

25 " GermaniaNafl Bank, New Orleans, 2,500 00 



10 



Provident Savings Bank, N. O., 



1,000 00 



Market Value. 

$239,450 00 

155,600 00 

55,500 00 

12,000 00 

2,625 00 

800 00 



$443,500 00 $465,975 00 



356 



TEUTONIA INSURANCE CO. 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Stocks and bonds, as per schedule, . 
Cash deposited in office and in bank, 
Premiums in course of collection (gross), 
Gross assets, ..... 



31, 1896. 

$40,000 00 
15,750 00 

465,975 00 
32,386 68 
65,869 30 



$619,980 98 



Liabilities. 
Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
Dividends to stockholders, unpaid, . 
Commissions and brokerage, . 
Return premiums, ..... 
Reinsurance, . . . . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



$14,173 50 

186,235 45 

13,075 00 

1,847 30 

1,632 50 

455 26 



217,419 01 



. $402,561 97 
250,000 00 



Surplus over capital, $152,561 97 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, . 

Total, ' . 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, 

Gross cash income, 



$58,893 36 
457,792 90 

$516,686 26 
63,823 70 

$452,862 56 
125,515 01 

$2,873 41 
26,093 09 

$28,966 50 
2,045 60 

$26,920 90 
7,423 50 



$327,347 55 



19,497 40 
19,173 41 

$366,018 36 



* Total value of property mortgaged, 
Amount of insurance held as collateral. 



$37,500 00 
24,800 00 



traders' INSURANCE CO. 



357 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 

Gross cash expenditures, . 

Risks and Premiums. 



$190,011 02 
14,481 91 



Fire risks outstanding Dec. 31, 1895 
Fire risks written during 1896, 



Total 

Deduct risks expired and terminated 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Marine risks written during 1896, 
Risks expired and terminated, . 



. $31,011,083 00 
. 28,048,487 00 



.|59,059,570 00 
. 27,803,452 00 

.$31,256,118 00 
. 1,352,979 00 

. $29,903,139 00 

. #5,862,877 00 
. $5,862,877 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company 
Dividends declared during the year (5 per cent.), . 
Company's stock owned by directors, 



$175,529 11 
6,881 71 
25,000 00 
63,920 70 
23,357 97 
8,192 81 
17,431 72 

$320,314 02 



Premiums. 

$341,608 73 
457,792 90 

$799,401 63 
417,821 27 

$381,580 36 
20,302 85 

$361,277 51 

$26,093 09 
$26,093 09 



55,727,663 00 

2,724,721 00 

172,437 00 

6,881 00 

538,892 00 

12,500 00 

82,100 00 



"TRADERS' INSURANCE COMPANY," CHICAGO, ILL. 

[Incorporated February, 1865. Commenced business May, 1872.] 

Paid-up Capital, $500,000. 

E. BUCKINGHAM, President. R. J. SMITH, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds ". $150,000 00 f 164,625 00 

Chicago Packing & Provision Company bonds, 25,000 00 25,000 00 

North Chicago Street Railway Co. bonds, . 5,000 00 5,000 00 



358 



TRADERS INSURANCE CO. 



Chic. & South Side Rapid Transit R.R. Co. bds. 

American Exchange National Bank stock, 

National Bank of America stock, 

Union National Bank stock, 

Continental National Bank stock, 

Corn Exchange Bank stock, 

Chicago & Alton Railroad stock, 

Chicago, Milwaukee & St. Paul Railway stock 

Chicago & Northwestern Railway stock, 

Chicago City Railway stock, . 

Chicago Western Division Railway stock, 

West Chicago Street Railroad stock, 

North Chicago City Railway stock, . 

North Chicago Street Railroad stock, 

National Railway stock, . 

Tri-City Railway stock, . 

Mutual Fuel Gas Company stock, 

Universal Gas Association stock, 

Central Music Hall stock, 

Chicago Leasehold Trustees stock, 

Town of Cicero warrants, 



Par Value. 

$45,000 00 
25,000 00 
30,000 00 
20,000 00 
32,500 00 
10,000 00 
25,000 00 
50,000 00 
75,000 00 
180,000 00 

6,800 00 
11,500 00 

5,000 00 
60,000 00 
56,700 00 
10,000 00 
13,600 00 
12,240 00 

2,200 00 
25,000 00 

8,832 97 



Market Value. 

115,750 00 
23,500 00 
36,000 00 
18,600 00 
39,000 00 
26,000 00 
40,000 00 
47,750 00 
88,250 00 

387,000 00 

40,800 00 

9,430 00 

25,000 00 

114,000 00 
60,669 00 
10,000 00 
17,000 00 
12,240 00 
7,700 00 
25,000 00 
8,065 25 



$884,372 97 $1,246,379 25 



Securities held as collateral for cash loans : 
Chicago Auditorium Association bonds, . 



Market Value. Loaned Thereon. 

$25,000 00 $22,500 00 



Summary of Assets Dec. 31, 1896 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, . 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Due for losses paid and premiums advanced, 
Prem's more than three mos. due, . $885 54 
Gross assets, 



$6,524 37 

232,850 00 

5,561 74 

1,246,379 25 

22,500 00 

522 01 

76,327 99 

7,091 22 

63,901 19 

21,715 26 



$1,683,373 03 



* Value of lands mortgaged, $309,829 00 

Value of buildings thereon, 292,713 00 

Amount of insurance held as collateral, .... 228,246 00 



TRADERS INSURANCE CO. 



359 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risk 
Commissions and brokerage, . 
Reinsurance disallowed, . 

All other items, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, . ... 



$22,594 17 
37,492 68 
16,624 15 



,711 00 
4,618 02 



$72,092 98 

473,361 35 

8,937 86 

24,982 19 

10,312 34 



$589,686 72 



. $1,093,686 31 
500,000 00 

. $593,686 31 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $52,986 06 
Premiums on risks written or renewed, . . 849,681 67 

Total, $902,667 73 

•Premiums now in course of collection, . . 64,786 73 

Entire premiums collected, .... $837,881 00 
Less reinsurance and return premiums, . . 168,549 22 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
From profit and loss items of previous years, . . . . 



$669,331 78 

12,965 42 

59,804 52 

257 67 



Gross cash income, $742,359 39 



Expenditures. 

Cash paid for fire losses, . . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, . ... 



$410,128 71 
35,585 27 



$374,543 44 
50,000 00 
112,432 37 
60,063 50 
24,148 39 
55,742 37 



Gross cash expenditures, 



$676,930 07 



360 



UNION INSURANCE CO. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$65,380,700 00 $969,152 87 
61,280,200 00 849,681 67 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



Net amount in force, 



$126,660,900 00 $1,818,834 54 
56,451,972 00 830,085 28 



$70,208,928 00 $988,749 26 
3,882,015 00 53,591 26 



$66,326,913 00 $935,158 00 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the yfar (10 per cent ), 
Company's stock owned by directors, .... 



$11,649,370 00 

7,190,890 00 

358,479 00 

1,222,500 00 

50,000 00 

127,200 00 



"UNION INSURANCE COMPANY OF PHILADELPHIA," 
PHILADELPHIA, PA. 

[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.] 

Paid-up Capital, $200,000. 

CHAS. S. HOLLINSHEAD, President. E. R. DANNEL3, Secretary. 



Detailed Statement of Stocks and Bonds. 



United States bonds, .... 

Baltimore & Ohio Railroad bonds, . 
Susquehanna Coal Co bonds, . 
Steubenville & Indiana Railroad bonds, . 
Chesapeake & Delaware Canal Co. bonds, 
Philadelphia & Reading Railroad bonds, 
New York Car Trust bonds, 
Shamokin, Sunbury & Lewisburg R R. bonds 
Perkiomen Railroad Co. bonds, 
Lehigh Valley Railroad Co. bonds, . 
North Pennsylvania Railroad Co. bonds, 
Hestonville, Mantua & Fairm't Pass. R.R. b'ds 
People's Passenger Railway Co. bonds, 
Lehigh Coal and Navigation Co. bonds, 
Cincinnati, Dayton & Ironton R.R. bonds 
Terminal R.R Asso. of St Louis bonds, 
Atlantic City Railroad Co. bonds, 
Union Traction Co. trust certificates, 



Par Value. 

fl 0,000 00 
25,000 00 
10,000 00 
15,000 00 
15,000 00 
44,000 00 
16,000 00 

4,000 00 
13,000 00 
10,000 00 

2,000 00 
20,000 00 
11,000 00 
10,000 00 

5,000 00 

5,000 00 
11,000 00 

5,000 00 



Market Value. 

$11,400 00 
27,250 00 
11,400 00 
16,500 00 

7,050 00 
45,855 00 
16,000 00 

4,120 00 
13,000 00 
12,300 00 

2,260 00 
22,200 00 
11,780 00 
10,400 00 

5,375 00 

5,250 00 
11,440 00 

3,525 00 



UNION INSURANCE CO. 



;01 



Huntingdon & Broad Top Car trust fund 
Baltimore & Ohio R.R. Co. certificates, 
Easton & Am boy Railroad Co bonds, 
Penn & N. Y. Canal and R.R. Co. bonds 
100 shares Little Schuylkill Railroad Co. 
200 " Pennsylvania Railroad Co., 
136 " North Pennsylvania Railroad Co., 
48 " Delaware Railroad Co., . 
88 " Delaware Insurance Co., 
68 " Philadelphia National Bank, 
88 " Farmers 1 and Mechanics' N'l Bank, 
100 " Philadelphia Traction Co., 
109 " 13th and 15th Streets Pass. R'y Co., 



Securities held as collateral for cash loans : — 

14 shares Commonw'th Title Ins. & Trust Co., 
United N. J. Railroad & Canal Company, 
22 shares Commonw'th Title Ins. & Trust Co., 
10 " Pennsylvania Fire Insurance Co., 
5 " American Fire Insurance Company, 
3 " Reliance Insurance Company, 
2 " Pennsylvania Railroad bonds, 
Philadelphia & Reading Railroad bonds, 
100 shares Continental Pass. Railway, 
54 " Union National Bank, 
5 " Guarantee Trust & Safe Dep. Co., 
15 " Land Title Trust Company, . 



Par Value. 

$10,000 00 

10,000 00 

14,000 00 

10,000 00 

5,000 00 

10,000 00 

6,800 00 

1,200 00 

2,200 00 

6,800 00 

8,800 00 

5,000 00 

5,450 00 



Market Value. 

$10,100 00 

10,225 00 

14,910 00 

10,800 00 

5,100 00 

10,350 00 

11,356 00 

1,536 00 

2,024 00 

12,920 00 

9,372 00 

6,700 00 

25,887 50 



$326,250 00 $368,385 50 



Market Value. Loaned Thereon. 



$938 00 

5,250 00 

1,474 00 ^ 

3,500 00 

505 00 

168 00 

103 50 

820 00 J 

12,900 00 

4,158 00 

900 00 

1,950 00 



$5,000 00 



J. 5,000 00 



5,000 00 
2,100 00 

2,200 00 



$32,666 50 $19,300 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $160,000 00 

Loans on mortgage of real estate (first liens *), 9,900 00 

Interest due or accrued thereon, ... 97 50 

Stocks and bonds, as per schedule, . . . 368,385 50 

Loans on collateral security, as per schedule, . 19,300 00 

Cash in the office of the company, . . . 3,988 39 

Cash deposited in bank, . . . . 18,422 42 

Interest due and accrued, 1,240 84 

Premiums in course of collection (gross), . 59,012 21 

Notes taken for fire risks, .... 1,000 00 

Rents due 38 54 

Perpetual insurance, 742 50 

Gross assets, 



$642,127 90 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$16,000 00 
7,000 00 



362 



UNION INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, . . . . . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Dividends to stockholders, unpaid, . 
Commissions and brokerage, . 
Incidentals, . . . . 
Reinsurance disallowed, .... 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, . 



$10,305 58 

21,493 93 

400 00 

$32,259 51 

268 68 

$31,990 83 

215,003 00 

34,820 87 

1,659 44 

13,490 70 

31 09 

95 30 



1297,091 23 

$345,036 67 
200,000 00 

$145,036 67 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 



Total, 

Premiums now in course of collection, . 

Entire premiums collected, . . 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Deposits received for perpetual fire risks, 



Gross cash income, 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

Cash paid for commissions and brokerage, 
Cash paid for salaries of officers and employees, 



$59,709 63 
404 30 

$59,305 33 
370,203 73 

$429,509 06 
60,012 21 

$369,496 85 
55,780 94 



sources, 



.$1,687 05 



$174,741 17 
5,462 41 



$313,715 91 

495 00 

18,824 67 

2,697 88 



$335,733 46 



,278 76 
11,740 53 
60,202 90 
37,195 20 



UNITED FIREMEN'S INSURANCE CO. 



363 



Cash paid for State and local taxes, 
Cash paid for general expenses, 
Deposits returned on perpetual fire risks^ 

Gross cash expenditures, . . 



$983 93 



,178 83 
31,844 79 



$320,441 01 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, , 



Risks and Premiums. 

Premiums. 

.$38,523,158 00 $430,836 31 
. 31,983,274 00 370,203 73 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



.$70,506,432 00 $801,040 04 
. 32,375,235 00 375,615 21 



,131,197 00 $425,424 83 
944,364 00 10,020 47 



. $37,186,833 00 $415,404 36 



Perpetual risks in force (not incl'd above), . $1,300,478 00 $38,689 86 






Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Fire losses incurred during the year, 

Cash dividends declared from organization of company 

Dividends declared daring the year (6 per cent.), . 

Company's stock owned by directors, 



$24,049,982 00 

17,082,147 00 

157,074 00 

1,894,221 00 

12,000 00 

37,300 00 



"UNITED FIREMEN'S INSURANCE COMPANY OE PHILADELPHIA," 

PHILADELPHIA, PA. 

[Incorporated April 2, 1860. Commenced business April 1, 1861.] 

Paid-up Capital, $300,000. 

ROBERT B. BEATH, President. DENNIS 3. SWEENY, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Northern Central Railroad bonds, . . . $10,000 00 $11,500 00 

Chicago & W. Indiana Railroad bonds, . . 10,000 00 11,700 00 

Zanesville & Ohio Railroad bonds, . . . 10,000 00 1,000 00 

Toledo Belt Line Railway bonds, . . . 10,000 00 10,000 00 

McKeesport & Belle Vernon R R. bonds, . 10,000 00 12,500 00 

Atlantic City Railroad Co. bonds, . . . 20,000 00 20,800 00 

Lehigh Valley Railway bonds, . . . 20,000 00 20,000 00 

Philadelphia & Reading Railroad bonds, . 10,000 00 10,300 00 

The Mortgage Trust Co. of Penn. bonds, ; . 10,000 00 10,000 00 

The Real Estate Title Ins. and Trust Co. bonds, 20,000 00 20,000 00 

City of Woonsocket, Dakota, bonds, . . 6,000 00 6,000 00 



364 



UNITED FIREMEN S INSURANCE CO. 



199 shares Union Passenger Railway, 

200 " Continental Passenger Railway, 
Penn. & New York Canal and R R bonds, 
Car Trusts of New York, . . 
Evansville & Terre Haute R.R. bonds, . 
Columbus & Cincinnati Midland R.R. bonds, 
People's Passenger Railway certificates, . 
Philadelphia & Baltimore Railroad certificates 
Newark Passenger R'y Co. bonds, . 
Philadelphia '1 raction Company trust bonds, 
Second Ave. Traction Co. of Pittsburgh b 1 ds, 
Pittsburgh, Cincinnati & St. Louis R'y bonds, 
Electric & People's Traction certificates, 

154 shares Union Traction Co., Philadelphia, 
Baltimore & Potomac R.R. Co. tunnel bonds, 
Lehigh Valley R.R. Co. car trust loan, 
Lehigh Coal & Navigation Co. trust bonds, 



Par Value. 

$9,950 00 
20,000 00 
20,000 00 
16,000 00 
10,000 00 
8,000 00 
15,000 00 
10,000 00 
10,000 00 
10,000 00 
15,000 00 
17,000 00 
15,200 00 
1,540 00 
5,000 00 
15,000 00 
20,000 00 



Market Value. 

$44,775 00 

26,000 00 

19,000 00 

15,200 00 

8,000 00 

4,800 00 

14,100 00 

10,200 00 

10,700 00 

10,300 00 

15,450 00 

18,700 00 

10,640 00 

1,463 00 

6,150 00 

15,600 00 

20,800 00 



$353,690 00 385,678 00 



Securities held as collateral for cash loans : — 

50 shares 13th & 15th Streets Passenger R'y, 

20 " Bucks Co., Pa., Trust Company, . 

12 " New Hope Delaware Bridge Co , 

10 " Title Guarantee & Trust Co., N. Y., 

200 " Philadelphia Traction Company, . 

Consolidated Traction Co., N. J., bonds, . 

50 shares Real Estate, Title Ins. & Trust Co., 

100 " Record Publishing Co., Phila., . 

100 " Chestnut Street N'l Bank, Phil., . 

240 " Pennsylvania Railroad, 

200 " Metropolitan Traction Co., N. Y., 

1,000 " N. Pacific Railroad certificates, . 

300 " Baltimore Traction Company, 

100 " Consolidated Traction Co., N. J., 

200 " Philadelphia Traction Co , Phila., 

500 " Union Traction Co. certificates, . 



Market Value. Loaned Thereon. 

$11,875 001 

2,500 00 

1,500 00 

2,750 00 
13,400 00 

4,950 00 J 

6,075 00 
12,000 00 ) 
10,000 00 $ 
12,360 00 
21,900 00 
14,125 00 

5,325 00^ 

2,400 00 " 
13,400 00 

4,875 00 j 



$19,000 00 

5,000 00 
15,000 00 

25,000 00 
10,000 00 

}> 20,000 00 



$139,435 00 $94,000 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $146,350 00 

Loans on mortgage of real estate (first liens *), 670,519 94 

Interest due or accrued thereon, . . . 14,235 71 



* Total value of property mortgaged $1,381,375 00 

Amount of insurance held as collateral 479,966 00 



Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, 
Perpetual deposits and surveys, 
Prem's more than three mos. due, $1,532 08 
Gross assets, 



RANCE CO. 




365 


. $385,678 00 




94,000 00 




2,740 


20 




65,005 


08 




1,459 


81 




37,816 


37 




492 


47 




6,191 

• 


51 


$1,424,489 09 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Due and accrued for rent, salaries, etc , 
State and local taxes, 
Commissions and brokerage, . 
Return premiums, .... 
Reinsurance disallowed, . . . 
Reinsurance, . . . . . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, .... 

Surplus over capital, 



$3,734 90 

6,945 00 

8,250 00 

201,464 21 

686,745 49 

379 29 

2,106 83 

8,802 10 

3,608 88 

736 28 

1,415 78 



924,188 76 

$500,300 33 
300,000 00 

f 200,300 33 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, ..... 

Net collected, ..... 
Premiums on risks written or renewed, . 

Total 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from all other sources, 

Deposits received for perpetual fire risks, 

Gross cash income, .... 



,259 12 
58 79 



$38,200 33 
318,181 89 

$356,382 22 
39,348 45 

$317,033 77 
47,071 32 



sources, . 

$36,839 47 



$269,962 45 

34,790 80 

22,761 90 

97 02 



$327,612 17 



366 



UNITED STATES FIRE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for general expenses, 
Deposits returned on perpetual fire risks, 

Gross cash expenditures, .... 

Risks and Premiums. 



$17,332 37 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



. 137,092,975 00 
. 28,560,847 00 



Total, $65,653,822 00 

Deduct risks expired and terminated, . . 28,541,196 00 



In force at end of year, 
Deduct amount reinsured, 



.$37,112,626 00 
. 2,379,966 00 



Net amount in force, $34,732,660 00 

Perpetual risks in force (not incl'd above), . $33,302,531 00 



$ 143,474 14 
30,000 00 
56,995 59 
23,879 83 
8,505 12 
26,471 03 

$289,325 71 

Premiums. 

$420,570 47 
318,181 89 

$738,752 36 
324,328 92 

$414,423 44 
28,810 87 

$385,612 57 
$759,497 48 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent ), 
Company's stock owned by directors, .... 



$4,107,928 00 

2,453,212 00 

125,172 00 

413,506 00 

30,000 00 

88,610 00 



" UNITED STATES FIRE INSURANCE COMPANY, 1 ' 
NEW YORK, N. Y. 

[Incorporated April 1, 1824. Commenced business April 9, 1824.] 

Paid-up Capital, $250,000. 

W. W. UNDERBILL, President. W. H. GRIFFEN, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $117,000 00 

Rensselaer & Saratoga Railroad stock, . . 17,800 00 

New York Central & Hudson River Railroad, 15,000 00 



Market Value. 

$128,992 50 
32,040 00 
13,950 00 



$149,800 00 $174,982 50 



UNITED STATES FIRE INSURANCE CO. 



■ f57 



Summary of Assets Dec. 31, 1896. 

Loans on mortgage of real estate (first liens *), $431,500 00 

2,174 34 

174,982 50 

4,189 60 

7,281 07 

2,132 00 

54,906 40 

387 36 



Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, 
Premiums in course of collection (gross), 
Due for reinsurance on losses, . . 

Gross assets, f 

Deduct special deposits in other States, . 



$677,553 27 
13,130 00 



Balance, 1664,423 27 



Liabilities. 

Losses adjusted, unpaid, $4,862 21 

claimed and reported, .... 14,595 25 

disputed or resisted, .... 14,129 73 

Total amount of losses, . . . . . $33,587 19 

Less reinsurance, 1,408 27 

Net amount of unpaid losses, .... $32,178 92 

Unearned premiums on outstanding risks, . 233,395 11 

Due and accrued for rent, salaries, etc., . . 1,905 06 

Commissions and brokerage, .... 11,686 64 

Reinsurance, 600 00 

Return premiums, * 7,238 00 

Reinsurance disallowed, 269 76 

Gross liabilities, except capital, . . $287,273 49 

Deduct liability on special deposits, . . 6,319 00 

280,954 49 



Surplus as regards policy holders, 
Paid-up capital, 

Surplus over capital, . 



$383,468 78 
250,000 00 

$133,468 78 



* Value of lands mortgaged, . 
Value of buildiugs thereon, . . . 
Amount of insurance held as collateral, . 



$313,500 00 
500,000 00 
465,200 00 



t Including $125,000 special reserve fund heldunder New York law. 



368 



UNITED STATES FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Gross cash income, . . 

Expenditures. 
Cash paid for fire losses, .... 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employe 
for State and local taxes, 

for rents, 

for general expenses, 

Gross cash expenditures, . 



Risks and Premiums. 



$55,802 01 
204 65 



$55,597 
338,110 


36 
23 


$393,707 
52,727 


59 
83 


$340,979 
72,225 


76 
51 


$1,438 61 
27,351 12 


$28,789 
2,178 


73 

57 


$26,611 
1,845 


16 
32 



sources, 



$169,885 78 

13,359 15 

$10,524 05 

551 53 



es, 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



. $49,697,743 00 
. 34,524,623 00 



$268,754 25 



24,765 84 

18,613 90 

6,740 61 

$318,874 60 



$156,526 63 



9,972 52 
15,000 00 
72,072 27 
24,687 95 
4,678 73 
7,000 00 
18,868 23 

$308,806 33 

Premiums. 

$515,181 33 
338,110 23 



$84,222,366 00 $853,291 56 
38,545,721 00 394,436 63 



$45,676,645 00 $458,854 93 
3,014,771 00 27,914 08 



12,66 1,874 00 $430,940 85 



UNITED STATES LLOYDS. 



369 



Marine risks outstanding Dec. 31, 1895, . . $563,925 00 
Marine risks written during 1896, . . . 997,628 00 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 



,561,553 00 

831,002 00 



Premiums. 

$18,310 66 
27,351 12 

$45,661 78 
22,597 14 



$730,551 00 $23,064 64 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent ), . 
Company's stock owned by directors, .... 



£6,069,536 00 

3,265,742 00 

129,364 00 

12,763 00 

1,846,590 00 

15,000 00 

49,475 00 



UNITED STATES LLOYDS, NEW YORK, N. Y. 

[Commenced business December, 1872.] 
HIGGINS, COX & BARRETT, Attorneys. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Fnited States bonds, $50,000 00 $51,700 00 

New York city bonds, . . . . . 100,000 00 101,500 00 

Boston city bonds, 50,000 00 56,500 00 

it. Louis city bonds, 50,000 00 51,375 00 

Cincinnati city bonds, .....' 50,000 00 50,500 00 

West Shore Railroad bonds, .... 50,000 00 52,000 00 

Chicago, Rock Island & Pacific R.R. bonds, . 50,000 00 51,000 00 

Havana municipal bonds, 5,000 00 4,700 00 

Atlantic Mutual Insurance Company scrip, . 73,370 00 73,370 00 



$478,370 00 $492,645 00 



Securities held as collateral for cash loans : 

Fourth National Bank stock, 

Home Insurance Company stock, 

Long Island Loan and Trust Company stock, 

Texas Pacific Railroad bonds, . 

Detroit Citizens' Street Railway bonds, . 

Allentown & Lehigh Valley Trac. Co. bonds, 

Wabash Railroad bonds, . . 

Texas & Pacific Railroad bonds, 

Philadelphia & Reading Railroad bonds, 



Market Value. 

$17,500 00 

5,670 00 \ 

2,100 00 i 

1,450 00 ) 

17,400 00^ 

13,500 00 j 

10,950 00 [ 

8,800 00 j 

10,627 50 J 



Loaned Thereon. 

$15,000 00 
5,400 00 



50,000 00 



|87,997 50 $70,400 00 



370 



UNITED STATES LLOYDS. 



Summary of Assets Dec 
Stocks and bonds, as per schedule, . 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in coarse of collection (gross), 
Notes taken for marine risks, . 
Salvages and reinsurance, 
Prenrs more than three mos. due, $9,749 20 
Gross assets, 



31, 1896. 

$492,645 00 

70,400 00 

2,000 00 

102,062 80 

11,661 90 

173,159 61 

16,317 09 

81,361 47 



$949,607 87 



Liabilities. 

Unpaid losses, 

Unearned premiums on outstanding risks, 
Cash deposited in trust, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Return premiums, 

Reinsurance, 

Rebate, 

Gross liabilities, ..... 



$107,925 00 

148,443 29 

22,114 06 

2,342 00 

6,566 83 

24,500 00 

10,918 51 

1,317 34 



324,127 03 



Surplus, $625,480 84 



Income. 

Marine premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



$165,263 96 
1,438,141 53 

>1,603,405 49 
199,225 90 



Entire premiums collected, .... $1,404,179 59 
Less reinsurance and return premiums, . . 1,000,994 66 
Net cash marine premiums received, 
Interest and dividends received from all sources, . 
Income from commission, discount and reinsurance, 

Gross cash income, 



- $403,184 93 
26,581 65 
88,827 37 

. $518,593 95 



Expenditures. 

Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, . 
Cash dividends paid, 



$717,248 99 
386,533 98 



$330,715 01 
50,000 00 



VICTORIA FIRE INSURANCE CO. 



371 



Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



$14,314,089 00 
256,977,979 00 

$271,292,068 00 
259,014,159 00 

$12,277,909 00 
7,915,257 00 



$44,864 10 

50,930 79 

2,026 68 

3,487 85 

$482,024 43 



Premiums. 

$190,695 66 
1,438,141 53 

51,628,837 19 
1,480,393 90 

$148,443 29 
65,644 84 



$4,362,652 00 $82,798 45 



"VICTORIA FIRE INSURANCE COMPANY OF NEW YORK," 

NEW YORK, N. Y. 

[Incorporated June 24, 1896. Commenced business July 1, 1896.] 

Paid-up Capital, $200,000. 

HENRY H. HALL, President. EDW. K. BEDDALL, Secretary. 

Detailed Statement of Stocks and Bonds. 



United States bonds, . 

New York City water stock, 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Gross assets, . . 

Liabilities. 

Losses claimed and reported, . 

Unearned premiums on outstanding risks, 
State and local taxes, .... 
Commissions and brokerage, . 

O 7 

Return premiums, . . . . 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, 



Surplus over capital, 



Par Value. Market Value. 

$125,000 00 $148,750 00 
50,000 00 52,937 50 



$175,000 00 $201,687 50 

31, 1896. 
$201,687 50 
26,670 08 
8,071 84 
$236,429 42 



$108 81 

17,285 75 

18 00 

1,302 54 

677 88 



19,392 98 

$217,036 44 
200,000 00 

$17,036 44 



372 



WESTCHESTER FIRE INSURANCE CO. 



Income. 

Premiums on risks written or renewed, . 
Premiums now in course of collection, . 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest and dividends received from all sources, 

Gross cash income, 

Expenditures. 
Cash paid for fire losses, . . . . . 
for commissions and brokerage, 
for salaries of officers and employees, 
for State and local taxes, 
to local boards, ... 

Gross cash expenditures, .... 



,610 22 
8,071 84 



51,538 38 
3,593 58 



$27,944 81 
2,888 25 

130,833 06 



$1,399 02 

6,770 43 

2,950 95 

607 00 

54 00 

£11,781 40 



Risks and Premiums. 



Fire risks written during 1896, 
Deduct risks expired and terminated, 

In force at end of year, 



t,196,118 00 
966,150 00 



Premiums. 

f39,610 22 
5,038 72 



$3,229,968 00 $34,571 50 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Fire losses incurred during the year, 
Company's stock owned by directors, 



$27,944 00 

1,399 00 

1,507 00 

32,500 00 



" WESTCHESTER FIRE INSURANCE COMPANY," NEW YORK, N. Y. 

[Incorporated as mutual March 14, 1837. Commenced business as joint-stock Jan. 1, 1870.] 

Paid-up Capital, $300,000. 
GEO. R. CRAWFORD, President. JOHN" Q. UNDERHILL, Secretary. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Albany & Susquehanna Railroad stock, . . $40,000 00 $68,000 00 

New York & Harlem Railroad stock, . . 60,000 00 172,500 00 

Rensselaer & Saratoga Railroad stock, . . 50,000 00 90,000 00 

New York, Lackawanna & Western R.R. stock, 80,000 00 94,000 00 

Rome, Watertown & Ogdensburg R.R. stock, . 50,000 00 59,000 00 

Oswego & Syracuse R R. stock, . . . 20,000 00 41,000 00 



WESTCHESTER FIRE INSURANCE CO. 



373 



Long Island Railroad stock, . 
Chicago & Northwestern Railroad stock, 
Chicago, Milwaukee & St. Paul R.R. stock, 
Lake Shore & Michigan Southern R.R. stock, . 
Delaware, Lackawanna & Western R.R. stock, 
Consolidated Gas Company, New York, stock, 
Delaware & Hudson Canal Company stock, 
Western Union Telegraph Company stock, 
United States consols, .... 
Chicago, Burlington & Quincy R.R. bonds, 
Erie Railroad bonds, .... 

St. Joseph & Grand Island Railroad bonds, 
Atchison, Topeka & Santa Fe Railroad bonds 
Chesapeake & Ohio Railroad bonds, 
New York, Ontario & Western R.R. bonds, 
Northern Pacific Railroad bonds, 
Buffalo, Rochester & Pittsburgh R.R. bonds, 
Philadelphia & Reading Railroad bonds, . 
Western Union Telegraph Company bonds, 
Richmond, Va,, city bonds, 



Par Value. 

$50,000 00 

50,000 00 

30,000 00 

20,000 00 

20,000 00 

30,000 00 

50,000 00 

20,000 00 

100,000 00 

20,000 00 

60,000 00 

80,000 00 

20,000 00 

20,000 00 

20,000 00 

20,000 00 

20,000 00 

20,000 00 

20,000 00 

16,000 00 



Market Value. 

$21,500 00 

51,000 00 

39,000 00 

30,800 00 

31,600 00 

41,500 00 

58,000 00 

16,600 00 

111,000 00 

17,500 00 

39,000 00 

38,400 00 

15,900 00 

21,600 00 

21,600 00 

22,500 00 

19,500 00 

16,000 00 

21,600 00 

15,000 00 






|986,000 00 $1,174,100 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, . $216,500 00 

Loans on mortgage of real estate (first liens *), 526,200 00 

Interest due or accrued thereon, . . . 4,799 31 

Stocks and bonds, as per schedule, . . . 1,174,100 00 

Cash deposited in bank, ..... 84,562 42 

Premiums in course of collection (gross), ' . 224,545 60 
Prem's more than three mos. due, $10,347 16 

Gross assets, 

Deduct special deposits in other States, 



1,230,707 33 
98,250 00 



Balance, $2,132,457 33 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



,249 49 
66,639 37 
4,500 00 

$106,388 86 
704 14 

$105,684 72 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$457,000 00 
782,700 00 
523,100 00 



374 



WESTCHESTER FIRE INSURANCE CO. 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Paid-up capital, 



. $1,082,736 83 

49,243 47 
3,324 65 

. $1,240,989 67 
43,738 31 



Surplus over capital, . 



- $1,197,251 36 

. $935,205 97 
300,000 00 

. $635,205 97 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Gross cash income, .... 



$231,744: 59 
6,296 34 

f225,448 25 
1,505,618 10 

$1,731,066 35 
234,892 76 

$1,496,173 59 
220,111 75 

$1,276,061 84 

29,319 44 

sources, . . 41,907 77 

749 96 



. $1,348,039 01 



Expenditures. 

Cash paid for fire losses, . . . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



f638,560 64 
39,42 L 33 



$599,139 31 
30,000 00 

205,023 43 
46,303 18 
32,723 31 

158,923 73 



Gross cash expenditures, . 



. $1,132,112 96 



THE AVESTERN INSURANCE CO. 



375 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

$196,641,128 00 $2,233,032 92 
131,889,081 00 1,505,618 10 



$328,530,209 00 $3,738,651 02 
127,042,785 00 1,547,613 05 



$201,487,424 00 $2,191,037 97 
6,213,929 00 65,199 07 



$195,273,495 00 $2,125,838 90 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Company's stock owned by directors, .... 



$22,402,351 00 

12,380,634 00 

599,484 00 

738,000 00 

30,000 00 

78,890 00 



"THE WESTERN INSURANCE COMPANY OF PITTSBURGH, 1 ' 

PITTSBURGH, PA. 

[Incorporated March 20, 1849. Commenced business May 1, 1849.] 

Paid-up Capital, $300,000. 

ALEXANDER NIMICK, President. WM. P. HERBERT, Secretary. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . . . . . $30,000 00 $33,300 00 

Allegheny County bonds, 20,000 00 20,000 00 

Pittsburgh Junction Railroad bonds, . . 23,000 00 26,340 00 

Pittsburgh & Western Railroad bonds, . . 10,000 00 7,500 00 

100 shares Pittsburgh & Western Railroad, . 5,000 00 1,500 00 

Pitts., Newcastle & Lake Erie bonds, . . 1,500 00 1,545 00 

Pittsburgh & Allegheny Bridge Co. bonds, . 15,000 00 15,300 00 

Wilkinsburg Borough bonds, .... 30,000 00 30,600 00 

Braddock Township school bonds, . . . 6,000 00 6,120 00 

New Brighton school bonds, .... 7,000 00 7,170 00 

German Protestant Evangelical Church bonds, 8,500 00 8,568 00 

Bellevue Borough bonds, 5,000 00 5,090 00 

Avalon Borough school bonds, . . . 4,500 00 4,565 00 

Point Bridge Co. bonds, 3,000 00 3,000 00 

Jack's Run Bridge Co. bonds, .... 4,000 00 4,000 00 



$172,500 00 $174,598 00 



376 



THE WESTERN INSURANCE CO. 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, . 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross assets, . . 



$62,000 00' 

239,500 00 

4,285 00 

174,598 00 

1,332 36 

26,360 92 

298 08 

20,895 81 

175 00 



$529,445 17 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Paid-up capital, . 

Surplus over capital, .... 



$2,165 51 

10,759 00 

3,900 00 

133,000 34 

3,800 35 

437 66 



154,062 86 

$375,382 31 

300,000 00 

$75,382 31 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums on risks written or renewed 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, 

Gross cash income, .... 



*,846 24 

210,156 28 

$239,002 52 

20,895 81 

$218,106 71 

24,926 30 

$293 63 

12 73 



sources, 



$193,180 41 



280 90 

11,664 40 

8,141 52' 

825 00 

$214,092 23 



* Value of lands mortgaged, $264,750 00 

Value of buildings thereon 378,950 00 

Amount of insurance held as collateral 206,750 00 



WILLI AMSBURGH CITY FIRE INSURANCE CO. 



377 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 

Risks and Premiums. 



$104,687 21 
3,134 83 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Marine risks written during 1896, . 
Deduct risks expired and terminated, 



. $20,907,630 00 
. 19,083,200 00 

. $39,990,830 00 
. 18,013,295 00 

.$21,977,535 00 
409,539 00 



$101,552 38 

206 63 

18,000 00 

40,775 67 

8,861 25 

5,040 50 

7,388 08 

$181,824 51 

Premiums. 

$253,321 49 
210,156 28 



,477 77 
202,762 47 

$260,715 30 
4,723 99 



. $21,567,996 00 $255,991 31 



$32,786 00 
32,786 00 



$293 63 
293 63 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, . 
Marine and inland losses incurred during the year, 
Cash dividends declared from organization of company, 
Dividends declared during the year (6 per cent.), 
Company's stock owned by directors, . . 



$4,207,764 00 

2,401,745 00 

101,368 00 

207 00 

935,500 00 

18,000 00 

59,000 00 



" WILLIAMSBURGH CITY FIRE INSURANCE COMPANY/ 

BROOKLYN, N. Y. 

[Incorporated March, 1853. Commenced business March, 1853.] 

Paid-up Capital, $250,000. 

MARSHALL S. DRIG-G-S, President. FRED'K H. WAY, Secretary 

Detailed Statement of Stocks and Bonds. 

Par Value. 

$23,000 00 

13,500 00 
25,000 00 



United States bonds, 
Richmond, Va., bonds, 
Georgia State bonds, 



Market Value. 

$25,530 00 
13,500 00 
27,500 00 



'378 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



Brooklyn Rapid Transit Co. bonds, . 

Long Island Bank, Brooklyn, stock, . 

First National Bank, Brooklyn, stock, 

Brooklyn Union Gas Co. bonds, 

Brooklyn Union Gas Co. stock, 

Edison Electric Illuminating Co., 

Dry Dock, E. B'way & Battery R.R. stock, 

King's County Trust Co., Brooklyn, stock, 

Brooklyn City Railroad stock, 

Brooklyn & New York Ferry Company stock 

Union Ferry Company of Brooklyn stock, 

Brooklyn Rapid Transit Co. stock, . 

Legal Surety Co. of the United States, . 



Securities held as collateral for cash loans : 
Brooklyn City Railroad Co. stock, . 

Summary of Assets Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest clue or accrued thereon, 

Stocks and bonds, as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, 

Cash deposited in bank, . 

Interest due and accrued, . 

Premiums in course of collection (gross), 

Rents due and accrued, 

Reinsurance, .... 

Gross assets, f . 
Deduct special deposits in other States, 



Par Value. 

$23,000 00 

10,000 00 

18,400 00 

9,000 00 

25,000 00 

10,000 00 

20,000 00 

9,000 00 

110,000 00 

12.500 00 

45,000 00 

130,000 00 

5,000 00 



Market Value. 

$17,480 00 
10,000 00 
73,600 00 

9,360 00 
21,250 00 

9,800 00 
32,000 00 
22,950 00 
187,000 00 
22,875 00 
27,000 00 
23,400 00 

5,500 00 



Balance, $1,593,326 57 



$488,400 00 $528,745 00 



Market Value. Loaned Thereon. 

$10,200 00 $7,400 00 



31, 1896. 

$629,000 00 

295,650 00 

3,055 88 

528,745 00 

7,400 00 

1,079 51 

74,172 80 

2,886 77 

86,545 07 

5,632 00 

159 54 

$1,634,326 57 

41,000 00 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 



$4,503 29 

27,101 50 

4,352 77 

$35,957 56 

781 04 

$35,176 52 



* Value of lands mortgaged, 
Value of buildings thereon, . 
Amount of insurance held as collateral, 



$276,000 00 
237,500 00 
232,800 00 



t Including $280,000 special deposit held under New York law. 



WILLI AMSBURGH CITY FIRE INSURANCE CO. 



379 



Unearned premiums on outstanding risks, 
Dividends to stockholders, unpaid, . 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Reinsurance, ..... 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$517,768 75 

430 00 

283 33 

4,255 60 

14,279 24 

1,123 25 

11,983 97 

$585,300 66 
18,487 94 



$566,812 72 



Surplus as regards policy holders, . 
Paid-up capital, . . ... 



Surplus over capital, . 



. $1,026,513 85 
250,000 00 



$776,513 85 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $78,921 66 
Same not collected, 6,313 73 

Net collected, $72,607 93 

Premiums on risks written or renewed, . . 682,544 73 

Total, . 0755,152 66 

Premiums now in course of collection, . . 89,116 87 

Entire premiums collected, .... $666,035 79 
Less reinsurance and return premiums, . . 76,296 96 

Net cash fire premiums received, . . . 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 
Income from rents, 



Gross cash income, 



$589,738 83 
12,670 39 
27,012 71 
29,309 53 

$658,731 46 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

for expenses on real estate, 



$262,493 19 
16,195 96 



$246,297 23 
51,170 00 
137,732 94 
66,590 20 
6,495 85 
41,766 73 
20,214 94 



Gross cash expenditures, 



$570,267 89 



380 



WILLIAMSBURGH CITY FIRE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



1124,046,938 00 
77,668,008 00 

$201,714,946 00 
76,202,450 00 

1126,512,496 00 
4,573,329 00 



Premiums. 

$1,036,740 26 
682,544 73 

.1,719,284 99 
663,341 92 

11,055,943 07 
36,678 93 



$121,939,167 00 $1,019,264 14 



MlSCELLANEOUS. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Fire losses incurred during the year, .... 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Company's stock owned by directors, .... 



15,479,367 00 

8,015,960 00 

233,078 00 

1,502,500 00 

50,000 00 

47,500 00- 



AGGREGATE. 



Capital Stock. 
Capital actually paid up in cash, . 
Scrip outstanding, . 



Gross present assets, 



Assets. 



Liabilities. 



Gross present liabilities, 

Income. 
Cash actually received for fire premiums, . 
for marine and inland premiums, 
for interest and dividends from all sources, 
from all other sources, .... 

Gross cash income, 

Expenditures. 
Cash actually paid during the year for fire losses, 
for marine and inland losses, 
for dividends to stockholders, 
for redemption of scrip, .... 
for interest to scrip holders, 
for brokerage and commission on premiums, 
for salaries and pay of officers and employees, 
for State and local taxes, .... 
for office, agency and incidental expenses, 

Gross cash expenditures, .... 



Miscellaneous. 
Whole amount of fire risks written during the year, . 
premiums charged or receivable thereon, 
marine and inland risks written during the year, 
premiums charged or receivable thereon, 
fire risks' terminated during the year, 
marine and inland risks terminated, 
fire risks outstanding at end of year, 
marine and inland risks outstanding, 
cash dividends declared during the year, 
fire losses incurred during the year, 
marine losses incurred during the year, . 



$44,655,875 
7,584,223 



$189,374,868 



$86,052,607 



$76,340,743 

5,774,696 

7,031,375 

664,267 



,811,081 



$39,723,570 

3,862,024 

5,318,931 

790,661 

555,223 

15,095,216 

6,693,866 

2,02u,169 

6,007,189 



$80,066,849 



$8,885,022,087 

95,865,707 

1,043,318,909 

8,312,410 

8,545,437,442 

1,286,006,602 

11,829,096,045 

184,229,062 

5,531,202 

38,489,202 

3,209,201 



UNITED STATES BEANGHES OF 



FOREIGN FIRE AND MARINE 



INSURANCE COMPANIES 






Detailed Statement of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

December 31, 1896. 



384 



ATLAS ASSURANCE CO. 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



UNITED STATES BRANCH OF THE "ATLAS ASSURANCE 
COMPANY," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
J. M. NEUBURGER, General Manager. 

Office, Chicago, III. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $300,000 00 $331,500 00 

Boston city bonds, . . . . . 180,000 00 195,500 00 

Fitchburg Railroad bonds, .... 20,000 00 20,500 00 

Pennsylvania Railroad bonds, .... 25,000 00 29,625 00 

N. Y . Central & Hudson River Railroad bonds, 25,000 00 25,000 00 

Boston & Maine Railroad bonds, . . . 25,000 00 29,125 00 

New York & Putnam Railroad bonds, . . ; 25,000 00 25,750 00 

Louisville, Ky., city bonds, .... 50,000 00 52,750 00 

St Louis, Mo., city bonds, .... 15,00000 15,90000 

Massachusetts State highway loan, . . . 100,000 00 107,000 00 



$765,000 00 $832,650 00 



Summary of Assets Dec. 31, 1896. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Gross assets, 



$832,650 00 

226 79 

76,309 52 

8,447 50 

88,165 60 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



$110,500 00 
76,536 31 



$1,005,799 41 



187,036 31 



Balance §818,763 10 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 



$9,368 04 
25,630 06 

4,550 00 
424,086 10 

2,639 21 



ATLAS ASSURANCE CO. 



385 



Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, .... 



Surplus over capital, 



$15,869 52 
3,836 97 

$485,479 90 
27,333 95 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, ..... 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, . . 

Gross cash expenditures, 



,725 24 

75 61 



$99,649 63 
741,425 97 

$841,075 60 
88,165 60 

$752,910 00 
145,225 24 



$300,152 84 
9,025 50 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, . 

Net amount in force, . 



$65,927,953 00 
64,802,325 00 

$180,730,278 00 
57,093,497 00 

$73,636,781 00 
2,820,465 00 



,145 95 



,617 15 
200,000 00 

$160,617 15 



$607,684 76 
27,745 37 

$635,430 13 



$291,127 34 

116,852 91 

40,865 90 

12,789 35 

43,960 14 

$505,595 64 

Premiums. 

$806,451 36 
741,425 97 

1,547,877 33 
685,389 88 

,487 45 
34,901 59 



$70,816,316 00 $827,585 86 



Miscellaneous. 
Fire losses incurred during the year, 



$294,989 00 



386 



BRITISH AMERICA ASSURANCE CO. 



UNITED STATES BRANCH OF THE « BRITISH AMERICA ASSUR- 
ANCE COMPANY," TORONTO, CANADA. 

Deposit Capital, $300,000. 

FREDERICK B. CARPENTER, New England Manager. 

Office, 92 Water Street, Boston. 



Detailed Statement of Stocks 



United States bonds, . 

Georgia State bonds, 

€ity of Richmond, Va., bonds, 

City of Toledo, Ohio, bonds, 

City of Columbus, Ohio, bonds 

City of London, Canada, bonds 

■City of Toronto, Canada, bonds, 

City of Kingston, Canada, bonds, 

City of Winnipeg, Canada, bonds, 

<City of Brooklyn, N. Y , bonds, 

City of Riverside, Cal., bonds, 

City of Colorado Springs, Col., bonds, 

New York & West Shore Railroad bonds, 

Central Canada L. & S. Co.'s debentures, 

Dominion of Canada stock, 

Toronto Electric Light Company bonds, . 

Chicago Electric Transit Company's bonds, 

Rochester Electric Railway Company's bonds, 

Freehold Loan and Savings stock, . 



and Bonds. 

Par Value. 

^275,000 00 
25,000 00 
26,300 00 
60,000 00 
50,000 00 
150,000 00 
40,000 00 
20,000 00 
20,000 00 
30,000 00 
25,000 00 
25,000 00 
50,000 00 
25,000 00 
12,000 00 
20,000 00 
25,000 00 
25,000 00 
12,000 00 



Market Value. 

1305,250 00 
28,750 00 
25,774 00 
63,670 00 
53,750 00 
155,493 00 
40,804 00 
22,360 00 
22,240 00 
30,900 00 
27,180 00 
26,250 00 
52,375 00 
25,000 00 
12,540 00 
20,000 00 
27,937 50 
27,062 50 
12,000 00 



15,300 00 |979,336 00 



Summary of Assets Dec. 

Stocks and bonds, as per schedule, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Gross assets 



Unadmitted. 



Special deposits in other States, 
C!ash not in control of trustees, 



31, 1896. 

$979,336 00 

2,666 51 

10,914 77 

190,545 49 

8,248 93 



$161,024 00 
2,666 51 



,191,711 70 



163,690 51 



Balance, . $1,028,021 19 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 



,881 27 
78,197 78 
11,061 00 



BRITISH AMERICA ASSURANCE CO. 



387 



Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, .... 
Reinsurance, ..... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, . 



$591,254 09 

17,255 91 

17,262 44 

4,394 09 

$739,306 58 
68,547 38 



$670,759 20 

$357,261 99 
300,000 00 

$57,261 99 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Marine premiums outstanding Dec. 31, 1895, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



$171,573 59 
1,228,715 42 

H, 400,289 01 
179,012 38 

.1,221,276 63 
259,543 43 

$6,146 91 
197,248 18 

$203,395 09 
19,782 04 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash marine premiums received, 

Interest and dividends received from all sources, 

Gross cash income, ..... 



$183,613 05 
41,225 84 



$961,733 20 



142,387 21 
38,145 62 

.,142,266 03 



Expenditures. 
'Cash paid for fire losses, . 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, 
Cash paid for marine and inland losses, 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, . - 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . 

for incidentals, .... 
Sent to home office, . 

Gross cash expenditures, .... 



,101 20 
16,708 56 

$244,833 44 
69,982 55 



$32,117 25 



$568,392 64 

174,850 89 

232,185 39 

25,766 09 

28,431 52 

92,098 09 

1,121,724 62 



388 



BKITISH AND FOREIGN MARINE INSURANCE CO. 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, ..... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total,. . . . . 
Deduct risks expired and terminated, 

In force at end of year, 



,115,844 00 
78,207,301 00 



$166,323,145 00 
79,772,239 00 



,550,906 00 
3,420,649 00 



Premiums. 

11,131,456 91 

1,228,715 42 

52,360,172 33 

1,208,924 42 

.1,151,247 91 

36,627 69 



,130,257 00 81,114,620 22 



$3,557,519 00 
20,916,746 00 

$24,474,265 00 
22,000,986 00 

$2,473,279 00 



$42,388 40 
197,248 18 

$239,636 58 
206,389 65 



,246 93 



Miscellaneous. 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 



$542,261 00 
160,827 00 



UNITED STATES BRANCH OF THE "BRITISH AND FOREIGN 
MARINE INSURANCE COMPANY (LIMITED)," LIVERPOOL 



ENGLAND. 



Deposit Capital, $300,000. 
FRANK GAIR MACOMBER, New England Manager. 



Detailed Statement of Stocks 



Boston & Lowell Railroad bonds, 

Fitchburg Railroad bonds, 

Boston, Clinton, Fitch. & N. Bedford R.R 

Providence & Worcester Railroad bonds 

Boston & Maine Railroad bonds, 

Old Colony Railroad bonds, 

Eastern Railroad bonds, . 

Brooklyn city bonds, 

New York city water stock, 

United States bonds, 

City of Portland water bonds, 



b'ds 



and Bonds. 

Par Value. 

$100,000 00 
80,000 00 

2,000 00 
50,000 00 

1,000 00 
49,000 00 
22,840 00 
42,000 00 
58,000 00 
235,000 00 

9,000 00 



Market Value. 

$102,333 33 

80,850 00 

2,290 00 

51,000 00 

1,177 50 

51,475 00 

27,402 80 

40,530 00 

56,985 00 

259,181 25 

10,485 00 



BRITISH AND FOREIGN MARINE INSURANCE CO. 



389 



Allegheny Valley Railroad bonds, . 
Pennsylvania Railroad bonds, . 
Chicago, Mil. & St. Paul Railroad bonds, . 
Richmond city bonds, . 



Summary of Assets Dec 

Loans on mortgage of real estate (first liens), 
Interest due or accrued thereon, 
Stocks and bonds, as per schedule, . 
Cash in office and bank, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 

Reinsurance due, 

Gross assets, 



Par Value, 

$100,000 00 
39,000 00 
75,000 00 
50,000 00 



Market Value. 

|126,000 00 
42,705 00 
86,250 00 
46,000 00 



$912,840 00 $984,664 88 

31, 1896. 

$41,000 00 

972 50 

984,664 88 

53,556 37 

413,771 17 

2,075 00 

55,293 84 

$1,551,333 76 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Bills receivable, 



$190,113 75 

53,556 37 

2,075 00 



245,745 12 



Balance, $1,305,588 64 



Liabilities. 

Losses adjusted and reported, . 
Losses disputed or resisted, 

Total amount of losses, . 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Unused balances of premium notes, . 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, .... 



$250,023 09 
29,618 00 

$279,641 09 
58,093 57 

$221,547 52 

456,668 79 

371 22 

15 61 

4,462 43 

28,688 86 

82,832 45 

58,093 57 

$852,880 45 
10,713 38 



841,967 07 



Surplus over capital, . 



,621 57 x 
300,000 00 

$163,621 57 



390 



BRITISH AND FOREIGN MARINE INSURANCE CO. 



Income. 

Marine premiums outstanding Dec. 31, 1895, . 
Same not collected, 



Net collected, .... 
Premiums on risks written or renewed, 



Total 

Premiums now in course of collection, 

Entire premiums collected, 
Less reinsurance and return premiums, 
Net cash marine premiums received, 
Interest and dividends received from all 
Remitted from home office, ; 



Gross cash income, 



,776 84 
14,250 66 

$432,526 18 
2,618,932 79 

$3,051,458 97 
435,241 12 

$2,616,217 85 

911,088 76 



sources, 



$485,950 46 



.,705,129 0^ 
46,752 46 



.,751,881 55 



Expenditures. 

Cash paid for marine and inland losses, . . $1,595,244 97 
Deduct salvage and reinsurance, . . . 767,856 71 
Net cash paid for marine and inland losses, .... 
Cash paid for commissions and brokerage, .... 

for salaries of officers and employees, . 

for State and local taxes, 

Remitted to home office, . . . . . $1,053,403 51 

Gross cash expenditures, 



$827,388 26 

227,436 43 

113,311 35 

29,879 83 



,198,015 87 



Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1895, . . $37,783,857 00 $512,764 75 
Marine risks written during 1896, . . . 812,409,075 00 2,618,932 79 



Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$850,192,932 00 $3,131,697 54 
. 804,896,683 00 2,675,028 75 



$45,296,249 00 $456,668 79 
15,586,351 00 197,227 86 



,709,898 00 $259,440 93 



Miscellaneous. 
Marine and inland losses incurred during the year, 



. $835,752 00 



CALEDONIAN INSURANCE CO. 



391 



UNITED STATES BRANCH OF THE "CALEDONIAN INSURANCE 
COMPANY, 11 EDINBURGH, SCOTLAND. 

Deposit Capital, $200,000. 

CHARLES H.POST j ^ 

N. A. McNEIL, J 

' Office, Neio York, N. Y. 

Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, . ' . . . . $300,000 00 

New York City bonds, 32,5,000 00 

Central Railroad of New Jersey bonds, . . 110,000 00 

Baltimore & Ohio Railroad bonds, . . . 100,000 00 

Penn. & New York Canal & Railroad bonds, . 100,000 00 

New York, Chicago & St. Louis R R. bonds, . 60,000 00 

Lehigh Valley Railroad bonds, . . . 50,000 00 

Chicago, Burlington & Quincy R.R bonds, . 50,000 00 

Allentown Terminal Railroad bonds, . . 50,000 00 

Richmond & Petersburg Railroad bonds, . 50,000 00 

St. Paul, Minneapolis & Manitoba R.R. bonds, 50,000 00 

Lake Erie & Western Railroad bonds, . . 50,000 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 50,000 00 

Phila., Wilmington & Baltimore R.R. bonds, . 50,000 00 

St. Paul, Minneapolis & Manitoba R.R. bonds, 50,000 00 

Long Island Railroad Company bonds, . . 50,000 00 

Chicago, Rock Island & Pacific R.R. bonds, . 50,000 00 

Portland, Oregon, water loan bonds, . . 50,000 00 

State of Georgia bonds, 25,000 00 

Lehigh Valley Coal Company bonds, . . 25,000 00 

City of Richmond,.Va., bonds, . ' . . . 25,000 00 

Jersey City bonds, . . \ ' -, . . ... 34,000 00 

Fremont, Elkhorn & Missouri Valley R.R. b'ds, 15,000 00 

Albany & Susquehanna Railroad bonds, . . 15,000 00 



Market Value. 

$331,500 0O 
333,906 25 
129,800 00- 
100,000 00 
95,000 00 
62,100 00 
57,000 00 
44,000 00 
50,000 00 
50,000 00 
44,000 00 
58,750 00 
59,000 00 
51,000 00 
52,500 00 
42,500 00 
52,250 00 
57,125 00 
25,000 00 
23,500 00 
25,000 00 
39,840 00 
19,200 00 
18,750 00 



$1,734,000 00 $1,821,721 2& 

Summary op Assets Dec. 31, 1896. 

Stocks and bonds, as per schedule, . . . $1,821,721 25 

Cash in the office of the company, . . . 501 77 

Cash deposited in bank, 91,376 30 

Interest due and accrued, 20,083 96 

Premiums in course of collection (gross), . 164,019 57 

Reinsurance, 1,748 85 

Prem ? s more than three mos. due, §1,732 25 

Gross assets, $2,099,451 70 



Special deposits in other States, 
Cash not in control of trustees, 



Unadmitted. 



117,625 00 
41,509 96 



259,134 96 



Balance, $1,840,316 74 



392 



CALEDONIAN INSURANCE CO. 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Reinsurance, etc., 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, .... 



$71,376 56 
76,694 55 
24,099 94 

$172,171 05 
5,172 53 

$166,998 52 

959,689 88 

30,149 74 

26,461 57 

1,296 67 

1,184,596 38 
87,127 23 



Surplus over capital, 



$1,097,469 15 

$742,847 59 
200,000 00 

$542,847 59 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $112,295 65 
Premiums on risks written or renewed, . . 1,582,141 53 



Total, $1,694,437 18 

Premiums now in course of collection, . . 165,751 82 



Entire premiums collected, .... $1,528,685 36 
Less reinsurance and return premiums, . . 297,986 81 
Net cash fire premiums received, 
Interest and dividends received from all sources, . 

Gross cash income, 



,230,698 55 
65,953 57 



. $1,296,652 12 



Expenditures. 

Cash paid for fire losses, $818,476 12 

Deduct salvage and reinsurance, . . . 51,061 44 

Net cash paid for fire losses, \ 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, .... 

for incidentals, 

to Niagara Fire Ins. Co. on acc't special contract, 
Remitted to home office, $30,670 69 



$767,414 68 
249,232 38 
74,000 53 
46,776 78 
66,996 17 
10,000 00 



Gross cash expenditures, 



$1,214,420 54 



COMMERCIAL UNION ASSURANCE CO. (LIMITED) . 393 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, . 

Total, 

Deduct risks expired and terminated, 



In force at end of year, 
Deduct amount reinsured, 



Risks and Premiums. 

Premiums. 

$216,657,651 00 $2,379,590 91 
131,743,133 00 1,582,141 53 



$348,400,784 00 $3,961,732 44 
157,718,415 00 1,836,922 59 



$190,682,369 00 $2,124,809 85 
10,279,885 00 126,161 01 



Net amount in force, . . . $180,402,484 00 $1,998,648 84 

Miscellaneous. 



Fire losses incurred during the year, 



. $731,345 00 



UNITED STATES BRANCH OF THE "COMMERCIAL UNION 
ASSURANCE COMPANY (LIMITED)," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
CHARLES SEWALL, Resident Manager. 

Office, New York, N. Y. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . • . . . . $425,000 00 $463,250 00 

Akron & Chicago Junction Railroad bonds, . 30,000 00 30,000 00 

Central of New Jersey Railroad bonds, . . 50,000 00 57,000 00 

Chicago, Burlington & Quincy R.R. bonds, . 100,000 00 103,000 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 150,000 00 175,687 50 

Chicago & Northwestern R R. bonds, . , 123,000 00 148,340 00 

Chicago, Rock Island & Pacific R.R. bonds, . 60,000 00 76,500 00 

Cleve., Cin., Chicago & St. Louis R.R. bonds, . 50,000 00 44,000 00 

Indianapolis & Vincennes Railroad bonds, . 65,000 00 78,000 00 

Lehigh Valley of New York Railroad bonds, . 50,000 00 50,000 00 

Lehigh Valley Terminal Railroad bonds, . 50,000 00 54,500 00 

Michigan Central Railroad bonds, . . . 40,000 00 43,200 00 

Milwaukee, Lake Shore & Western R.R. bonds, 25,000 00 32,500 00 

N. Y. Central & Hudson River R.R. bonds, . 30,000 00 34,800 00 

New York, Lackawanna & Western R.R. b'ds, 50,000 00 66,500 00 

Pitts., Fort Wayne & Chicago R.R. stock, . 15,000 00 24,000 00 

Western Pennsylvania Railroad bonds, . . 50,000 00 50,500 00 

West Shore Guaranteed Railroad bonds, . . 50,000 00 52,000 00 



$1,413,000 00 $1,583,777 50 



394 COMMEKCIAL UNION ASSURANCE CO. ( LIMITED). 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 
Reinsurance due, .... 

Gross assets, . . 



$918,303 03 

1,583,777 50 

307 80 

504,753 59 

22,795 81 

361,489 52 

16,861 35 

7,645 94 

1,775 80 



1,417,710 34 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Bills receivable, 



$245,250 00 
72,922 69 
16,861 35 



335,034 04 



Balance, $3,082,676 30' 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . . < . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$80,085 10 

125,560 00 

17,800 00 

$223,445 10 
309 00 

$223,136 10 

1,898,226 85 

84,179 58 

51,406 32 

4,684 09 

152 54 

^2,261,785 48 
150,130 19 



2,111,655 29' 



Surplus as regards policy holders, 
Deposit capital, 



. $971,021 01 
200,000 00 



Surplus over capital, . 



. $771,021 01 



COMMERCIAL UNION ASSURANCE CO. (LIMITED). 



395 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $413,938 17 

Premiums on risks written or renewed, . . 2,946,894 28 

Total, $3,360,832 45 

Premiums now in course of collection, . . 360,218 23 

Entire premiums collected, .... $3,000,614 22 

Less reinsurance and return premiums, . . 570,582 43 

Net cash fire premiums received, . . . 

Marine premiums outstanding Dec. 31, 1895, . f 4,549 13 

Premiums on risks written or renewed, . . 179,911 63 

Total, $184,460 76 

Premiums now in course of collection, . . 1,271 29 



Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash marine premiums received, . . - 
Interest and dividends received from all sources, 

Income from rents, 

Deposits received for perpetual fire risks, 

Gross cash income, 

Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . — 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, .... 



$183,189 47 
19,186 49 



,451 25 



,345,373 03 
35,589 92 



$214,342 91 
17,998 56 



5,430,031 79' 



164,002 98 
70,198 00 
31,722 78 

!,695,955 55 



,309,783 11 



196,344 35 
442,157 15 
150,640 18 
62,658 07 
130,103 53 

. $2,291,686 39 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$370,555,864 00 
276,424,598 00 

$646,980,462 00 
278,138,586 00 



$368,841,876 00 
9,314,244 00 



Premiums. 

^3,961,252 95 
2,946,894 28 

^6,908,147 23 
3,055,709 34 

p3,852,437 89 
83,544 20 



1359,527,632 00 $3,768,893 69 



396 



HAMBURG-BREMEN FIRE INSURANCE CO. 



Perpetual risks in force (not incl'd above), 

Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

-Lotalj «■•«•• 
Deduct risks expired and terminated, 

In force at end of year, . , 
Deduct amount reinsured, 

Net amount in force, . 



Miscellaneous. 

Fire losses incurred during the year, 

Marine and inland losses incurred during the year, 



1,491,229 00 



Premiums. 

,532 87 



$744,152 00 $19,631 06 
35,187,178 00 179,911 63 



$ 35,931, 330 00 $199,542 69 
35,456,030 00 185,121 83 



$475,300 00 $14,420 86 
20,000 00 900 00 



$455,300 00 $13,520 86 



,257,626 00 
181,344 00 



UNITED STATES BRANCH OF THE "HAMBURG-BREMEN FIRE 
INSURANCE COMPANY," HAMBURG, GERMANY. 

Deposit Capital, $200,000. 
F. O. AFFELD, Resident Manager. 

Office, New York, N. Y. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $100,000 00 $110,125 00 

Georgia State bonds, 25,000 00 28,562 50 

New York City water stock, .... 130,000 00 129,675 00 

New York City schoolhouse bonds, . . . 100,000 00 99,500 00 

Portland City, Oregon, bonds, . . . . 50,000 00 56,750 00 

Providence City, R. I., bonds, .... 25,000 00 28,250 00 

Richmond City, Va., bonds, .... 15,000 00 16,200 00 

St. Louis City, Mo., bonds, .... 25,000 00 25,250 00 

Atchison, Topeka & Santa Fe Railroad bonds, . 18,500 00 14,615 00 

Beech Creek Railroad bonds, .... 20,00000 21,00000 

Central Railroad of New Jersey bonds, . . 30,000 00 35,550 00 

Central Ohio Railroad bonds, .... 25,000 00 24,500 00 

Central Pacific Railroad bonds, . . . 20,000 00 20,700 00 

Chicago, Burlington & Quincy R.R. bonds, . 20,000 00 23,650 00 

Chicago, Milwaukee & St. Paul bonds, . . 30,000 00 34,425 00 

Chicago & Northwestern Railroad bonds, . 25,000 00 34,875 00 

Chicago, Rock Island & Pacific R.R. bonds, . 25,000 00 31,750 00 

Cinc'nati, Ind'polis, St. Louis & Chic. R.R. b'ds, . 28,000 00 27,160 00 

Denver & Rio Grande Railroad bonds, . . 25,000 00 22,562 50 

East Tennessee/Virginia & Georgia R.R. bonds, 25,000 00 26,687 50 

Edison Elec. Illuminating Co. of N. Y. bonds, . 20,000 00 21,800 00 



HAMBURG-BREMEN FIRE INSURANCE CO. 



397 



Illinois Central Railroad bonds, 
Kansas Pacific R. R. Trust Co. certificates, 
Lake Erie & Western R.R. bonds, . 
Long Island Railroad bonds, . 
Louisville & Nashville Railroad bonds, . 
New York, Chicago & St. Louis R.R. bonds, 
New York, Lake Erie & Western R.R. bonds, 
Northern Pacilic Railroad bonds, 
Oregon Railway & Navigation Co. bonds, 
Pennsylvania Co. bonds, .... 
Pennsylvania Railroad bonds, . 
Pittsburgh, Cin , Chic. & St. Louis R.R. bonds 
St. Paul, Minneapolis & Manitoba R.R. bonds, 
Scioto Valley & New England R.R. bonds, 
Union Pacific R.R. Trust Co. certificates, 
Wabash Railroad bonds, .... 



Par Value. 

$50,000 00 
20,000 00 
30,000 00 
30,000 00 
30,000 00 
30,000 00 
25,000 00 
20,000 00 
10,000 00 
30,000 00 
25,000 00 
30,000 00 
30,000 00 
30,000 00 
20,000 00 
30,000 00 



Market Value. 

$50,000 00 
19,000 00- 
35,100 00 
35,400 00 
28,500 00. 
31,050 00 
34,750 00' 
23,200 00 
11,312 50 
33,300 00 
27,850 00 
32,400 00 
31,500 00 
24,300 00 
20,600 00 
31,650 00 



$1,221,500 00 $1,303,500 00 



Summary of Assets Dec. 31, 1896. 

Stocks and bonds, as per schedule, . . . $1,303,500 00 

Cash deposited in bank, 60,982 07 

Interest due and accrued, ..... 1,000 00 

Premiums in course of collection (gross), . 123,870 37 
Prem's more than three mos. due, $4,044 42 

Gross assets, 



#1,489,352 44 



Unadmitted. 



Special deposits in other States, 
Bonds not in control of trustees, 
Cash not in control of trustees, 



,512 50 
167,690 00 
60,982 07 



330,184 57 



Balance, $1,159,167 87 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, .... 



Surplus over capital, 



$10,585 00 
40,415 00 
13,085 00 

798,010 68 
23,580 62 



5,676 30 
61,847 08 



823,829 22 

$335,338 65 
200,000 00 

$135,338 65 



398 



HELVETIA SWISS FIRE INSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $107,338 31 

Premiums on risks written or renewed, . . 1,362,553 90 

Total, . . . . . . . . fl,469,892 21 

Premiums now in course of collection, . . 127,914 79 



Entire premiums collected, . . . . $ 
Less reinsurance and return premiums, . 
Net cash fire premiums received, . . . - 
Interest and dividends received from all sources, 



,341,977 42 
246,628 57 



11,095,348 85 
60,418 45 



Gross cash income, $1,155,767 30 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 

Risks and Premiums. 



116,705 19 
15,152 62 



LFire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, < . 

Net amount in force, 



$129,419,867 00 

109,880,058 00 

$239,299,925 00 

108,175,807 00 



1,124,118 00 
3,666,561 00 



,552 57 

208,337 99 

93,774 62 

26,824 82 

67,932 21 

$998,422 21 

Premiums. 

$1,623,408 59 
1,362,553 90 

$2,985,962 49 
1,365,972 88 

$1,619,989 61 
40,832 46 



$127,457,557 <>0 $1,579,157 15 



Miscellaneous. 
Fire losses incurred during the year, 



.79,572 00 



UNITED STATES BRANCH OF THE "HELVETIA SWISS FIRE 
INSURANCE COMPANY," ST. GALL, SWITZERLAND. 

Deposit Capital, $200,000. 
WEED & KENNEDY, United States Managers. 

Office, 29 Liberty Street, New York, N. Y, 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

"New York State canal bonds, .... $200,000 00 $200,000 00 

United States bonds, 270,000 00 304,500 00 

Lake Erie & Western Railroad bonds, . . 5,000 00 5,875 00 



HELVETIA SWISS FIRE INSURANCE CO. 



399 



Milwaukee, Lake Shore & Western bonds, 
St. Paul & Sioux City bonds, . 
Evansville & Terre Haute bonds, 
Long Island Railroad Company bonds, 
Pacific Railroad of Missouri bonds, . 
Denver & Rio Grande bonds, . 
Central Ohio Railway Co. bonds, 
Cleveland & Mahoning Valley bonds, 
Lehigh Valley Railway Co. bonds, . 
New York cit} T bonds, 



Summary of Assets Dec. 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 

Cash deposited in bank, 

Interest due and accrued, . 

Premiums in course of collection (gross), 

Gross assets, 



Par Value. 

$5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

30,000 00 

$550,000 00 

31, 1896. 

$593,287 50 

205 90 

64,881 56 

3,087 50 

61,422 65 



Market Value- 

$6,500 00 
6,500 00 
5,375 00 
5,900 00 
5,000 00 
5,500 00 
4,900 00 
6,050 00 
5,050 00 

32,137 50 

$593,287 50 



Cash not in control of trustees, 
Balance, . . 



Unadmitted. 



$722,885 11 



2,209 55 
$720,675 56 



Liabilities. 

Losses claimed and reported, . 

Losses disputed or resisted, 

Unearned premiums on outstanding risks, 

State and local taxes, 

Commissions and brokerage, . 

Return premiums, 

Gross liabilities, except capital, 

Surplus as regards policy holders, 
Deposit capital, 



$19,305 00 

1,000 00 

113,368 92 

94 53 

12,877 48 

5,753 42 



152,399 35 



Surplus over capital, . 

Income. 

Fire premiums outstanding Dec. 31, 1895, . $ 6,931 50 

Premiums on risks written or renewed, . . 242,741 01 

Total, $249,672 51 

Premiums now in course of collection, . . 61,422 65 

Entire premiums collected, . . . $188,249 86 

Less reinsurance and return premiums, . . 27,906 86 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Gross cash income, 



,276 21 
200,000 00 

,276 21 



$160,343 00 
9,458 18 

,801 18 



400 



THE IMPERIAL INSURANCE CO. (LIMITED). 



Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for commissions and brokerage, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, . 



$48,591 67 
493 04 



$48,098 63 

39,309 35 

1,625 90 

2,600 86 

$91,634 74 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . . 

Miscellaneous 
Fire losses incurred during the year, 



$5,816,982 00 
23,845,307 00 



$29,662,289 00 
8,580,160 00 



$21,082,129 00 
217,175 00 



Premiums! 

$64,876 06 
242,741 01 



7,617 07 
84,745 90 



$222,871 17 
1,987 76 



$20,864,954 00 $220,883 41 



$64,832 00 



UNITED STATES BRANCH OF "THE IMPERIAL INSURANCE 
COMPANY (LIMITED)," LONDON, ENGLAND. 

Deposit Capital, $200,000. 
J. J. COURTNEY, Attorney. 

Office, 33 Pine Street, New York, N. Y. 



Detailed Statement of Stocks 



United States bonds, . 
New York City bonds, 
City of Boston bonds, 
City of Providence bonds, 
West Shore Railroad bonds, 
Lehigh Valley Railroad bonds, 
West Virginia State certificates, 
County of Essex, N. J., park bonds, 
Hudson County, N. J., bonds, . 



and Bonds. 

Par Value. 

$481,000 00 
110,000 00 
100,000 00 

50,000 00 
100,000 00 

40,000 00 

28,666 67 
100,000 00 

50,000 00 



Market Value. 

$529,701 25 

108,650 00 

102,937 50 

51,270 83 

107,000 00 

40,800 00 

1,720 00 

102,520 83 

55,625 00 



$1,059,666 67 $1,100,225 41 



THE IMPERIAL INSURANCE CO. (LIMITED). 



401 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Notes taken for fire risks, 
Rent due and accrued, .... 
Prem's more than 3 mos. due, . $±,021 09 
Gross assets, 



Special deposits in other States, 
Cash not in control, . 
Bills receivable, 



Unadmitted. 



$476,634 70 

1,100,225 41 

400 00 

89,081 06 

156,144 58 

2,444 00 

2,757 50 



$269,806 25 

89,481 06 

2,444 00 



$1,827,687 25- 



361,731 31 



Balance, $1,465,955 94 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, .. 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, .... 

Surplus over capital, 



Income 
Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Income from rents, .... 

Gross cash income, 



$20,365 16 

44,420 60 

6,860 00 

$71,645 76 
3,874 03 



',771 73 

803,727 96 

11,397 67 

197 63 

3,094 99 
76,288 77 



806,806 22 



,149 72 
200,000 00 

,149 72 



$195,441 80 
1,352,471 14 

$1,547,912 94 
160,165 67 

$1,387,747 27 
282,678 82 



$1,105,068 45 
40,468 30 
34,403 97 

$1,179,940 72 



402 



THE LANCASHIRE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, . . 

Net cash paid for fire losses, . 

Cash paid for commissions and brokerage, 



$673,823 99 
48,398 33 



for salaries of officers and employees, . 

for State and local taxes, 

for incidentals, ...... 



Gross cash expenditures, . 



5,425 66 

209,730 30 

98,145 46 

30,692 96 

60,248 24 

1,024,242 62 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1895, . f 174,004,469 00 $1,855,378 10 



Fire risks written during 1896, 

Total, 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, 



111,560,363 00 1,352,471 14 



$285,564,832 00 $3,207,849 24 
126,274,513 00 1,487,635 75 



$159,290,319 00 $1,720,213 49 
11,584,338 00 102,946 71 



$147,705,981 00 $1,617,266 78 



Miscellaneous. 
Fire losses incurred during the year, 



. $615,392 00 



UNITED STATES BRANCH OF "THE LANCASHIRE INSURANCE 
COMPANY;' MANCHESTER, ENGLAND. 

Deposit Capital, $200,000. 
E. LITCHFIELD, Resident Manager. 

Office, New York, N. Y. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds $600,000 00 

Albany & Susquehanna Railroad bonds, . . 15,000 00 

Atchison, Topeka & Santa Fe Railroad bonds, 52,000 00 

Baltimore & Ohio Railroad bonds, . . . 75,000 00 

Brooklyn & Montauk Railroad bonds, . . 30,000 00 

Chicago, Burlington & Quincy Railroad, . . 35,000 00 

Chicago, Milwaukee & St. Paul Railroad, . 45,000 00 



Market Value. 

5,375 00 
17,550 00 
34,792 50 
79,375 00 
31,800 00 
33,600 00 
51,300 00 



THE LANCASHIRE INSURANCE CO. 



403 



•Chicago & Northwestern bonds, 
Chicago, Rock Island & Pacific Railroad bonds 
Cleve., Cin., Chic. & St. Louis R.R. bonds, 
Chicago, St. Louis & New Orleans R.R. bonds 
City of Portland, Oregon, water bonds, . 
Detroit, Monroe & Toledo Railroad bonds, 
Illinois Central Railroad bonds, 
Michigan Central Railroad, 
Milwaukee & St. Paul Railroad Company, 
N. Y. Central & Hudson River R.R. bonds, 
New York, Lack. & Western Railroad bonds, 
Northern Central Railroad bonds, . 
North Pennsylvania Railroad bonds, 
Ottumwa, Cedar Falls & St. Paul R.R. bonds 
Philadelphia & Erie Railroad bonds, 
Pennsylvania Railroad Company, 
Rome, Watertown & Ogdensburg R.R. bonds 
Syracuse, Binghamton & N. Y. R.R. bonds, 
State of Georgia bonds, .... 
St. Paul & Northern Pacific Railroad bonds, 
St. Paul, Minneapolis & Manitoba R.R. bonds 
Western Pennsylvania Railroad bonds, . 
County of Essex, N. J., park bonds, 



Par Value. 

$40,000 00 
20,000 00 
50,000 00 
50,000 00 
50,000 00 
19,000 00 
30,000 00 
15,000 00 
10,000 00 
10,000 00 
15,000 00 
13,000 00 
10,000 00 
20,000 00 
18,000 00 
30,000 00 
25,000 00 
22,000 00 
25,000 00 
22,000 00 
50,000 00 
10,000 00 
25,000 00 



Market Value. 

$ 40,050 00 
25,400 00 
45,250 00 
51,300 00 
56,500 00 
23,750 00 
30,800 00 
17,850 00 
12,825 00 
11,500 00 
19,950 00 
14,690 00 
12,200 00 
21,800 00 
23,580 00 
34,300 00 
29,250 00 
27,500 00 
25,000 00 
27,280 00 
48,125 00 
10,100 00 
25,500 00 



$1,431,000 00 $1,538,292 50 



Summary of Assets Dec 

Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 
Gross assets, . . . . . 



31, 1896. 



>,585 72 

1,538,292 50 

1,117 52 

113,748 36 

269,507 43 



1,308,251 53 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



$247,250 00 
57,833 81 



305,083 81 



Balance, $2,003,167 72 



Liabilities. 

Losses adjusted, unpaid, $75,777 75 

claimed and reported, .... 83,686 49 

disputed or resisted, .... 27,793 45 

Unearned premiums on outstanding risks, . 1,29G,904 24 

Reclaimable on perpetual fire policies, . , 2,234 40 

State and local taxes, . ... . . 5,000 00 



404 



THE LANCASHIRE INSURANCE CO. 



Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, .... 



Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



$40,000 00 
1,675 41 

.1,533,071 74 
105,764 66 



$244,436 33 
2,440,552 06 



!,684,988 39 
269,507 43 



Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Income from rents, 



$2,415,480 96 
542,490 98 



Deposits received for perpetual fire risks, 
Gross cash income, . . 

Expenditures. 

Cash paid for fire losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Gross cash expenditures, .... 



!,234 40 



1,427,307 08 

$575,860 64 
200,000 00 

$375,860 64 



l,872,989 98 

66,922 65 

8,721 33 



$1,948,633 96 



.,045,713 21 

323,077 43 

178,570 95 

45,289 00 

148,155 82 

;,740,806 41 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, 

Perpetual risks in force (not inclM above) , 

Miscellaneous. 
Fire losses incurred during the year, 



$230,427,614 00 
214,975,643 00 

$445,403,257 00 
205,250,464 00 

$240,152,793 00 
20,531,480 00 



$219,621,313 00 
5,100 00 



Premiums. 

£2,620,467 55 
2,440,552 06 

^5,061,019 61 
2,371,458 23 

12,689,561 38 
176,743 97 

12,512,817 41 

$2,352 00 



f 1,003,968 00 



LION FIRE INSURANCE CO. 



405 



UNITED STATES BRANCH OF THE "LION FIRE INSURANCE 
COMPANY/' LONDON, ENGLAND. 

Deposit Capital, $200,000. 
M. BENNETT, Business Manager. 

Office, Hartford, Conn. 



Detailed Statement of Stocks 



United States bonds, 

City of Brooklyn bonds, .... 
City of Richmond bonds, .... 
Georgia State bonds, .... 

Central Railroad of New Jersey bonds, . 
County of Lucas, Ohio, court house bonds, 
Baltimore & Ohio bonds, .... 
Staten Island Railway bonds, . 



and Bonds. 

Par Value. 

$50,000 00 
210,000 00 
17,000 00 
25,000 00 
25,000 00 
100,000 00 
25,000 00 
16,000 00 



Market Value. 

|55,062 50 
214,200 00 
17,000 00 
25,000 00 
28,625 00 
101,000 00 
25,000 00 
16,400 00 



$468,000 00 |482,287 50 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $4,500 00 

Loans on mortgage of real estate (first liens *), 192,100 00 

Interest due or accrued thereon, . . . 4,373 45 

Stocks and bonds, as per schedule, . . . 482,287 50 

Cash in the office of the company, . . . 331 00 

Cash deposited in bank, 136,129 87 

Interest due and accrued, 6,227 08 

Premiums in course of collection (gross), . 59,848 19 
Prem's more than three mos. due, . $285 16 

Gross assets, 



|885,797 09 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



f 198,062 50 
1,460 87 



199,523 37 



Balance, $686,273 72 



Liabilities. 

Losses adjusted, unpaid, $17,453 82 

claimed and reported, .... 28,611 85 

disputed or resisted, . . . . 4,717 90 

Unearned premiums on outstanding risks, . 384,914 82 

* Value of lands mortgaged $146,865 00 

Value of buildings thereon, ....... 284,585 00 

Amount of insurance held as collateral, .... 243,300 00 



406 



LION FIRE INSURANCE CO. 



811,017 79 

183 80 

$446,899 98 

47,907 23 



Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, 

Surplus over capital, . 



Income 

Fire premiums outstanding Dec. 31, 1895, . $63,959 51 
Premiums on risks written or renewed, . . 729,619 75 

Total, $793,579 26 

Premiums now in course of collection, . . 60,133 35 

Entire premiums collected, . . . . $733,445 91 

Less reinsurance and return premiums, . . 181,886 97 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other sources, . 

Gross cash income, 



,992 75 



$287,280 97 
200,000 00 

,280 97 



$551,558 94 

9,312 71 

18,643 53 

$579,515 18 



Expenditures. 

Cash paid for fire losses, . . 

Deduct salvage and reinsurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, .... 



$360,304 58 
29,853 65 



f330,450 93 

109,445 17 

38,629 63 

15,049 55 

42,697 37 

$536,272 65 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$65,331,964 00 $808,515 72 
56,753,022 00 729,619 75 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 



$122,084,986 00 $1,538,135 47 
54,712,877 00 695,526 56 



,372,109 00 $842,608 91 
5,571,361 00 82,385 08 



Net amount in force, . 

Miscellaneous. 
Fire losses incurred during the year, 



11,800,748 00 $760,223 83 



$320,069 00 



LIVERPOOL AND LONDON AND GLOBE INSURANCE CO. 407 

UNITED STATES BRANCH OF THE "LIVERPOOL AND LONDON 
AND GLOBE INSURANCE COMPANY," LIVERPOOL, ENGLAND. 

Deposit Capital, $200,000. 
HENRY W. EATON, Resident Manager. 

Office, Neiv York, N. Y. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, f 1,575,000 00 $1,843,200 00 

New York city bonds, . . . . . 100,000 00 107,375 00 

Richmond city bonds, 5,000 00 6,450 00 

Boston city bonds, 180,000 00 205,650 00 



$1,860,000 00 $2,162,675 00 



Summary of Assets Dec. 31, 1896 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks and bonds, as per schedule, . 

Cash in the office of the company, . 

Cash deposited in bank, . 

Interest due and accrued, 

Premiums in course of collection (gross) 

Loans on life policies, 

Rents accrued, 

Other assets, . . . 

Prem's more than three mos. due, $55,745 45 

Gross assets, 



Special deposits in other States, 
Real estate, .... 
Cash not in control of trustees, 
Loans on life policies, 
Miscellaneous, .... 



Unadmitted. 



H ,730,000 00 

3,575,718 64 

45,522 62 

2,162,675 00 

7,402 20 

838,699 32 

475 64 

948,702 43 

14,589 61 

10,000 00 

5,759 87 



$264,000 00 

-597,000 00 

87,677 32 

14,589 61 

. 5,759 87 



1,339,545 33 



969,026 80 



Balance, $8,370,518 53 



Liabilities. 
Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, . . 


$1,418 91 
727,827 25 
142,755 00 


Total amount of losses, 

Less reinsurance, 


$872,001 16 
355,293 25 


Net amount of unpaid losses, . . . 


$516,707 91 







408 LIVEKPOOL AND LONDON AND GLOBE INSURANCE CO. 



Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Liabilities under life department, 
Return premiums, 
Commissions and brokerage, 
Reinsurance, 

Reinsurance disallowed, . 
Contingent reserve, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



Surplus as regards policy holders, 
Deposit capital, .... 



5,928,272 69 

330,613 90 

106,907 48 

67,689 00 

154,012 93 

91,881 09 

28,377 46 

50,000 00 

i,274,462 46 
197,363 61 



Surplus over capital, . 



>,077,098 85 

!,293,419 68 
200,000 00 

1,093,419 68 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Income from rents, ...... 

Deposits received for perpetual fire risks, 



Gross cash income, . 

Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . . . 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, . 

Deposits returned on perpetual fire risks, 

Gross cash expenditures, . 



,267 43 
4,410 59 



$889,856 84 
7,080,467 91 

$7,970,324 75 
992,767 29 

$6,977,557 46 
1,606,870 93 



sources, . 

$9,027 96 



1,272,398 60 
410,081 36 



1,370,686 53 

151,969 19 

107,000 96 

57,058 29 



>,686,714 97 



$2,862,317 24 
935,376 99 
320,629 88 
114,840 19 
325,199 26 



$10,797 73 



. $4,558,363 56 



LONDON ASSURANCE CORPORATION. 



409 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 



In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, .... 
Perpetual risks in force (not incM above), 



Risks and Premiums. 

Premiums. 

$902,503,856 00 $8,460,507 12 
725,575,302 00 7,080,467 91 



$1,628,079,158 00 $15,541,035 03 
712,472,269 00 7,317,598 24 



115,606,889 00 $8,223,436 79 
76,786,345 00 588,828 09 



,820,544 00 $7,634,608 70 
,268,250 00 $348,014 63 



Miscellaneous. 
Fire losses incurred during the vear, 



1,745,442 00 



UNITED STATES BRANCH OF THE "LONDON ASSURANCE 
CORPORATION," LONDON. 

[FIRE BRANCH.] 

Deposit Capital, $200,000. 

dHAS. L. CASE, Resident Manager. 

Office, New York. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . . . . . $661,000 00 $731,026 25 

Baltimore Belt Railroad bonds, . . . 16,000 00 14,720 00 

Central Railroad of New Jersey bonds, . . 40,000 00 47,200 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 50,000 00 56,437 50 

Milwaukee & St. Paul Railroad bonds, . . 50,000 00 64,250 00 

Chicago, St. Louis & New Orleans R.R. loan, . 8,000 00 9,400. 00 

Colorado Midland Railway Co. bonds, . . 35,000 00 24,325 00 

Denver & Rio Grande bonds, .... 30,000 00 27,075 00 

Erie Railway bonds, 50,000 00 69,000 00 

Lehigh Valley Railway Co. bonds, . . . 30,000 00 30,600 00 

Long Island Railroad bonds, .... 45,000 00 53,100 00 

Louisville & Nashville Railroad bonds, . . 25,000 00 29,500 00 

Milwaukee, Lake Shore & Western R.R. bonds, 25,000 00 32,500 00 

Philadelphia & Reading Railroad bonds, . 15,000 00 12,262 50 

Pitts., Cinn., Chicago & St. Louis bonds, . . 25,000 00 27,000 00 

St. Paul, Minneapolis & Manitoba R.R. bonds, 55,000 00 66,650 00 



410 



LONDON ASSURANCE CORPORATION. 



Scioto Valley & New England R.R. bonds, 
City of Richmond (Va.) bonds, 
Carthage, Watert'wn & Sacketts Har. R.R. b'ds, 
United States Mortgage & Trust Co. bonds, . 



Par Value. 

$30,000 00 
50,000 00 
33,000 00 
35,000 00 



Market Value. 

$24,300 oa 
50,000 00 
33,660 00 
35,000 00 



$1,308,000 00 $1,438,006 25 



Summary of Assets Dec. 31, 1896. 



Loans on mortgage of real estate (first liens *), 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 

in hands of agent, .... 

deposited in bank, .... 

Premiums in course of collection (gross), 

Gross assets, 



$28,000 00 

1,438,006 25 

2,044 78 

309 95 

99,435 47 

132.522 53 



.,700,318 98 



Unadmitted. 



Special deposits in other States, 

Real estate mortgages, 

Cash not in control of trustees, 

Balance, . 



$245,471 87 

28,000 00 

7,038 21 



280,510 08 
$1,419,808 90 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Commissions and brokerage, . 
Reinsurance, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, . 



$14,244 33 
40,662 50 
11,275 00 



,181 83 
5,672 53 



),509 30 

771,219 13 

174 80 

22,379 03 

1,688 28 

$855,970 54 
53,570 50 



802,400 04 

$617,408 86 
200,000 00 

$417,408 86 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$56,000 00 
30,000 00 



LONDON ASSURANCE CORPORATION. 



411 



Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 



Entire premiums collected, 
Less reinsurance and return premiums, . 
Net cash fire premiums received, 
Interest received on mortgages, 



$916,748 59 

675 00 
Interest and dividends received from all other sources, . . 55,671 19 



$127,242 84 
1,121,422 87 

fl,248,665 71 
132,522 53 

$1,116,143 18 
199,394 59 



Gross cash income, . 



f 973,094 78 



Expenditures. 

Cash paid for fire losses, $460,820 13 

Deduct salvage and reinsurance, . . . 36,034 34 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, . . ... 

for salaries of officers and employees, . 

for State and local taxes, 

for incidentals, 

Gross cash expenditures, 



$424,785 79 

174,193 26 

76,576 95 

23,714 14 

59,493 21 

$758,763 35 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 



In force at end of year, 
Deduct amount reinsured, 



Risks and Premiums. 

Premiums. 

$174,697,160 00 $1,576,019 39 
126,287,151 00 1,121,422 87 



$300,984,311 00 $2,697,442 26 
118,024,536 00 1,094,591 04 



$182,959,775 00 $1,602,851 22 
11,692,075 00 75,603 24 



Net amount in force, . . . . $171,267,700 00 $1,527,247 98 
Perpetual risks in force (included above), $11,200 00 $184 00 



Miscellaneous. 
Fire losses incurred during the year, 



. $402,400 00 



412 



LONDON ASSURANCE CORPORATION. 



UNITED STATES BRANCH OF THE "LONDON ASSURANCE 
CORPORATION," LONDON. 

[MARINE BRANCH.] 

Deposit Capital, $300,000. 

WM. W. TRAVELL, Attorney. 

Office, New York, N. Y. 



Detailed Statement of Stocks 

New York city water stock, . . . 

Boston city bonds, 

Brooklyn city bonds, 

New York city bonds, 

Cleveland, Cincinnati, Chicago & St. Louis b'ds, 
Chicago & Erie Railroad bonds, 
Chesapeake & Ohio Railroad bonds, 



and Bonds. 

Par Value. 

$100,000 00 
100,000 00 
100,000 00 
10,000 00 
50,000 00 
50,000 00 
50,000 00 



Market Value. 

198,750 00 
102,000 00 
94,000 00 
9,850 00 
44,250 00 
55,000 00 
54,000 00 



$460,000 00 $457,850 00 



Summary of Assets Dec. 31, 1896. 

Stocks and bonds, as per schedule, . . . $457,850 00 

Cash in the office of the company, . . . 186 33 

Cash deposited in bank, 71,308 49 

Interest due and accrued, 5,889 '59 

Premiums in course of collection (gross), . 87,959 02 

Notes taken for marine and inland risks, . . 19,264 55 

Reinsurance due, ...... 13,882 02 

Gross assets, 

Unadmitted. 
Cash not in control of trustees, .... $186 33 

Premiums in excess of unearned, . . . 75,382 61 



$656,340 00 



75,568 94 



Balance, $580,771 06 



Total amount of losses, 
Less reinsurance, 



Liabilities. 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Return premiums and reinsurance, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, 



$102,418 26 
12,590 70 



,827 56 

31,840 96 

5,385 01 

5,061 94 

11,214 29 



143,329 76 

$437,441 30 
300,000 00 

$137,441 30 



LONDON ASSURANCE CORPORATION. 



413 



Income. 

Marine premiums outstanding Dec. 31, 1895, . $120,267 21 
Premiums on risks written or renewed, . . 452,802 34 



Total, $573,069 55 

Premiums now in course of collection, . . 107,223 57 



Entire premiums collected, .... f 465,845 98 
Less reinsurance and return premiums, . . 115,090 47 

Net cash marine premiums received, . . 

Interest and dividends received from all sources, . 



Gross cash income, . 



- $350,755 51 
17,995 62 

. $368,751 13 



Expenditures. 

Cash paid for marine and inland losses, . 

Deduct salvage and reinsurance, 

Net cash paid for marine and inland losses, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, . . . . 

Remitted to home office, 



$304,334 56 
58,862 02 



$245,472 54 

34,958 30 

13,614 77 

9,020 40 

22,340 60 



,405 40 



Gross cash expenditures, . 



. $325,406 61 



Risks and Premiums. 

Marine risks outstanding Dec. 31, 1895, . . $4,230,098 00 
Marine risks written. during 1896, . . . 98,478,853 00 



Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

$92,170 85. 
452,802 34 



$102,708,951 00 $544,973 19 
. 99,495,432 00 508,096 69 



1,213,519 00 
365,644 00 



$2,847,875 '00 



$36,876 50 
5,035 54 

$31,840 96 



Miscellaneous. 
Marine and inland losses incurred during the year, 



$228,450 00 



414 



LONDON AND LANCASHIRE FIRE INSURANCE CO. 



UNITED STATES BRANCH OF THE " LONDON AND LANCASHIRE 
FIRE INSURANCE COMPANY," LIVERPOOL, ENGLAND. 

Deposit Capital, $200,000. 
ARCHIBALD O-. McILWAINE, Jr., Manager. 

Office, New York, N. Y. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

New York City bonds $120,000 00 0120,600 00 

United States registered bonds, . . . 322,500 00 382,262 00 

City of Richmond bonds, 50,000 00 50,000 00 

Baltimore & Ohio Railroad bonds, . . . 100,000 00 100,000 00 

Baltimore Belt Railroad bonds, . . . 25,000 00 22,813 00 

Chesapeake & Ohio Railroad bonds, . . 50,000 00 53,500 00 

Cincinnati, Dayton & Ironton bonds, . . 20,000 00 21,000 00 

Beech Creek Railroad bonds, . . . . . 27,000 00 28,350 00 

Flint & Pere Marquette bonds, . . . 25,000 00 20,813 00 

Chicago & Northwestern Railroad bonds, . 100,000 00 115,500 00 

Chicago, Rock Island & Pacific R.R. bonds, . 90,000 00 117,450 00 

Central Railroad of New Jersey bonds, . . 65,000 00 75,237 00 

Gin., Ind., St. Louis & Chicago R.R. bonds, . 100,000 00 96,000 00 

Delaware & Hudson Railroad Company bonds, 25,000 00 36,000 00 

Lake Shore & Michigan Southern R.R. bonds, 92,000 00 102,810 00 

New York Central & Hndson River R.R. bonds, 75,000 00 89,812 00 

New York & Harlem River Railroad bonds, . 50,000 00 55,625 00 

New York, Chicago & St. Louis R.R. bonds, . 50,000 00 51,500 00 

New York, Ontario & Western bonds, . . 20,000 00 21,500 00 

St. Paul, Minneapolis & Manitoba bonds, . 50,000 00 51,125 00 

Chicago, Mil. & St. Paul Railroad bonds, . 20,000 00 22,450 00 

Central Ohio Railroad bonds, .... 50,000 00 49,000 00 

State of Georgia bonds, ...... 25,000 00 29,450 00 

Milwaukee Underwriters' Association stock, . 83 00 83 00 

West Shore Railroad Company bonds, . . 80,000 00 84,400 00 

Lake Erie & Western Railroad bonds, . . 50,000 00 58,750 00 

Lehigh Valley Railroad bonds, . . . 25,000 00 25,000 00 

Milwaukee, Lake Shore & Western bonds, . 50,000 00 56,000 00 



$1,756,583 00 $1,937,030 00 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 



$299,125 00 

1,937,030 00 

25,851 54 

157,017 55 

500 00 

292,486 21 



LONDON AND LANCASHIRE FIRE INSURANCE CO. 



415 



Notes taken for fire risks, 
Rents due and accrued, 
Reinsurance, .... 
Preirfs more than three mos. due, 
Gross assets, 



$11,542 41 



$7,400 73 

7,091 57 

111 14 



1,726,613 74 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



$259,262 00 
182,869" 09 



442,131 09 



Balance $2,284,482 65 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding 
Commissions and brokerage, . 
Return premiums, reinsurance, etc., 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, 
Deposit capital, 

Surplus over capital, . 



risks 



$37,464 66 
58,197 00 
41,045 40 

$136,707 06 
7,465 00 

$129,242 06 

1,477,471 93 

50,826 59 

46,810 75 

39,086 88 

$1,743,438 21 
114,224 94 



1,629,213 27 

$655,269 38 
200,000 00 

$455,269 38 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $319,625 30 
Same not collected, 216 31 

Net collected, $319,408 99 

Premiums on risks written or renewed, . . 2,306,102 99 

Total, $2,625,511 98 

Premiums now in course of collection, . . 311,429 35 

Entire premiums collected, . . . . $2,314,082 63 
Less reinsurance and return premiums, . . 563,586 32 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 
Income from rents, 



Gross cash income, 



$1,750,496 31 

88,349 90 

6,629 63 



$1,845,475 84 



416 MAGDEBURG FIRE INSURANCE CO. 



Expenditures. 

Cash paid for fire losses, $994,273 64 

Deduct salvage and reinsurance, . . . 143,346 58 

Net cash paid for fire losses, .... $850,927 06 

Cash paid for commissions and brokerage, .... 337,826 29 

for salaries of officers and employees, . . . 138,241 97 

for State and local taxes, 43,460 80 

for incidentals, 107,397 02 



Gross cash expenditures, SI, 477,853 14 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$381,257,498 00 $3,109,679 38 
275,483,530 00 2,306,102 99 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$656,741,028 00 $5,415,782 37 
264,598,239 00 2,311,691 92 



$392,142,789 00 $3,104,090 45 
21,227,847 00 214,088 72 



$370,914,942 00 $2,890,001 73 



Miscellaneous. 
Fire losses incurred during the year, $845,267 00 



UNITED STATES BRANCH OF THE "MAGDEBURG FIRE INSUR- 
ANCE COMPANY, 1 ' MAGDEBURG, GERMANY. 

DErosiT Capital, $200,000. 
P. E. RASOR, Manager. 

Kce, Hartford, Conn. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $550,000 00 $606,375 00 

Summary of Assets Dec. 31, 1896. 

Stocks and bonds, as per schedule, . . . $606,375 00 
Cash in the office of the company, . . . 21,395 79 

Cash deposited in bank, 16,696 38 

Interest due and accrued, 500 00 

Premiums in course of collection (gross), . 42,918 86 

Gross assets, f 687,886 03 



MAGDEBURG FIRE INSURANCE CO. 



417 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



$55,125 00 
38,092 17 



$93,217 17 



Balance, $594,068 86 



Liabilities. 

Losses claimed and reported, . 

Losses disputed or resisted, 

Unearned premiums on outstanding risks, 

Due and accrued for rent, salaries, etc., . 

Commissions and brokerage, . 

Reinsurance disallowed, .... 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, 



Surplus over capital, 



$2,425 00 
5,416 75 

77,963 22 

4,000 00 

4,749 35 

190 00 



,744 32 
5,185 14 



1,559 18 



$505,109 68 
200,000 00 

$305,109 68 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $18,220 65 

Premiums on risks written or renewed, . . 135,046 73 

Total, $153,267 38 

Premiums now in course of collection, . . 42,918 86 

Entire premiums collected, . . . $110,348 52 

Less reinsurance and return premiums, . . 22,022 06 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 

Remittance from home office, .... $37,139 49 



$88,326 46 
15,000 00 



Gross cash income, $103,326 46 



Expenditures. 

Cash paid for fire losses, 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 

Remittance to home office, .... 

Gross cash expenditures, . . . . 



$2,038 90 



,708 20 

29,072 52 

4,252 15 

2,751 05 

10,150 62 



$112,934 54 



418 



MANCHESTER FIRE ASSURANCE CO. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$13,839,813 00 $157,904 70 
11,373,045 00 135,046 73 



Total, ..... 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 

Miscellaneous 
Fire losses incurred during the year, 



£25,2 12,858 00 $292,951 43 
12,334,738 00 135,159 09 



$12,878,120 00 $157,792 34 
357,135 00 4,377 40 



$12,520,985 00 $153,414 94 



$45,905 00 



UNITED STATES BRANCH OF THE "MANCHESTER FIRE AS- 
SURANCE COMPANY," MANCHESTER, ENGLAND. 

Deposit Capital, $200,000. 
GEO. W. WENSLEY, Manager. 

Office, New York, N. Y. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . . . . . . $427,000 00 $476,105 00 

City of New York stock, 200,000 00 202,000 00 

Portland, Oregon, water bonds, . . . 50,000 00 57,125 00 

City of Brooklyn bonds, . . . . . 200,000 00 200,000 00 

City of Newark water bonds, .... 50,000 00 54,000 00 

District of Columbia bonds, . . . . 2(T,000 00 21,600 00 

Atchison, Topeka& Santa Fe Railroad bonds, . 18,500 00 12,155 00 

Atlanta & Charlotte Air Line Railroad bonds, . 14,000 00 16,520 00 

Baltimore & Ohio Railroad bonds, . . . 79,000 v CO 74,250 00 

Beech Creek Railroad bonds, .... 75,000 00 79,125 00 

Burlington, Cedar Rap's & Northern R.R. b'ds, . 40,000 00 41,000 00 

Central Railroad of New Jersey bonds, . . 55,000 00 64,900 00 

Chesapeake & Ohio Railroad bonds, . . 25,000 00 27,000 00 

Chicago & Eastern Illinois Railroad bonds, . 27,000 00 33,210 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 51,000 00 58,522 50 

Chicago, St Louis & New Orleans R.R. bonds, 25,000 00 29,750 00 

Chicago & Western Indiana R.R. bonds, . 80,000 00 93,600 00 

Cincinnati, Indiana, St. Louis & Chic. R R. b'ds, 10,000 00 9,700 00 

Illinois Central Railroad bonds, . . . 16,000 00 17,120 00 

Knoxville & Ohio Railroad bonds, . . . 15,000 00 17,137 50 

Lake Erie & Western Railroad bonds, . . 13,000 00 15,275 00 

Lehigh Valley Railroad bonds, . . . 25,000 00 25,500 00 



MANCHESTER FIRE ASSURANCE CO. 



41<) 



Northern Pacific Railroad bonds, 

Pennsylvania Railroad bonds, . 

St Paul, Minneapolis & Manitoba R.R. bonds, 

West Shore Railroad bonds, 

Wheeling & Lake Erie Railroad bonds, . 



Par Value. 

$14,000 00 
75,000 00 
25,000 00 
25,000 00 
30,000 00 



Market Value. 

$16,100 00 
81,250 00 
26,000 00 
26,500 00 
27,000 00 



fl,684,500 00 §1,802,445 00 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Premiums in course of collection (gross), 

Reinsurance due, 

Gross assets, 



31, 1896. 

$1,802,445 00 

6,520 29 

87,081 52 

273,754 25 

3,353 20 



1,173,154 26 



Unadmitted 



Special deposits in other States, 
Cash not in control of trustees, 



$252,250 00 
93,601 81 



345,851 81 



Balance, $1,827,302 45 



Liabilities 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 

Less reinsurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Due to special agents, 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 



$51,623 88 
60,214 05 
59,044 05 

$170,881 98 
16,117 94 



$154,764 04 

1,076,225 56 

47,752 43 

1,228 39 

4,389 08 



11,284,359 50 
87,909 22 



1,196,450 28 



Surplus as regards policy holders, 
Deposit capital, .... 



. $630,852 17 
200,000 00 



Surplus over capital, 



$430,852 17 



420 MANCHESTER FIRE ASSURANCE CO. 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $297,072 00 
Premiums on risks written or renewed, . . 1,858,547 58 



Total, $2,155,619 58 

Premiums now in course of collection, . . 273,754 25 



Entire premiums collected, .... $1,881,865 33 
Less reinsurance and return premiums, . . 497,051 15 

Net cash fire premiums received, . . . $1,384,814 18 

Interest and dividends received from all sources, . . . 65,836 30 



Gross cash income, . $1,450,650 48 



Expenditures. 

Cash paid for fire losses, $965,761 18 

Deduct salvage and reinsurance, . . . 88,092 05 

Net cash paid for fire losses, .... $877,669 13 

Cash paid for commissions and brokerage, .... 266,704 74 
for salaries of officers and employees, . . . 98,557 61 

for State and local taxes, 43,533 34 

for incidentals, . 102,108 75 

Remitted to home office, ..... $55,974 44 



Gross cash expenditures, ....... $1,388,573 57 



Risks and Premiums, 

Premiums. 

Fire risks outstanding Dec. 31, 1895, . $194,171,234 49 $2,475,096 93 
Fire risks written during 1896, . . 152,411,747 09 1,858,547 58 



Total, $346,582,981 58 $4,333,644 51 

Deduct risks expired and terminated, . 155,547,031 91 2,004,268 28 



In force at end of year, .... $191,035,949 67 $2,329,376 23 
Deduct amount reinsured, . . . 10,953,935 19 160,351 90 



Net amount in force, . . . . $180,082,014 48 $2,169,024 33 

Miscellaneous. 
Fire losses incurred during the year, $827,699 00 



MANNHEIM INSURANCE CO. 



421 



UNITED STATES BRANCH OF THE "MANNHErM INSURANCE 
COMPANY," MANNHEIM, GERMANY. 

Deposit Capital, $300,000. 

JAS. JOHNSTONE RILEY, Resident Manager. 

Office, New York City. 
Detailed Statement of Stocks and Bonds. 



United States bonds, . 
New York City stock, 



Par Value. Market Value. 

,000 00 $110,500 00 
250,000 00 250,000 00 



1350,000 00 $360,500 00 



Summary of Assets Dec. 31, 1896. 

Stocks and bonds, as per schedule, . . . $360,500 00 

Cash in the office of the company, . . . 208 90 

Cash deposited in bank, 4,115 09 

Premiums in course of collection (gross), . 32,390 08 

Notes taken for marine and inland risks, . 2,839 37 

Gross assets, ...... 



,053 44 



Unadmitted. 



Cash not in control of trustees, 



4,323 99 



Balance, $395,729 45 



Liabilities. 

Losses claimed and reported, . 

Losses resisted, 

Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Reinsurance, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Deposit capital, 



$31,678 50 


6,000 


00 


43,472 


65 


480 


45 


896 


68 


372 


13 



82,900 41 

$312,829 04 
300,000 00 



Surplus over capital, 



.2,829 04 



422 



MARINE INSURANCE CO. (LIMITED). 



Income. 
Marine premiums outstanding Dee. 31, 1895, . 
Same not collected, 

Net collected, 

Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, 

Entire premiums collected, .... 
Less reinsurance and return premiums, . 
Net cash marine premiums received, 
Received from home office, . $21,531 65 



,145 75 
361 10 



$36,784 65 

235,336 50 

$272,121 15 

35,229 45 

$236,891 70 

23,991 06 



$212,900 64 



Gross cash income, $212,900 64 

Expenditures. 

Cash paid for marine and inland losses, . . $213,531 37 
Deduct salvage and reinsurance, . . . 15,446 44 

Net cash paid for marine and inland losses, 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent and incidentals, . 

Gross cash expenditures, .... 

Risks and Premiums. 

Marine risks outstanding Dec. 31, 1895, . . $2,231,156 00 
Marine risks written during 1896, . . . 52,254,735 00 



$198,084 93 

16,141 96 

12,546 00 

4,744 00 

8,278 20 

$239,795 09 

Premiums. 

$69,002 49 
235,336 50 



Total, . . . . 
Deduct risks expired and terminated, 

In force at end of year, 



.$54,485,891 00 
. 52,606,761 00 



$1,879,130 00 



$304,338 99 
238,783 04 

.555 95 



Miscellaneous. 
Marine and inland losses incurred during the year, 



$181,592 00 



UNITED STATES BRANCH OF THE "MARINE INSURANCE 
COMPANY" (LIMITED), LONDON, ENGLAND. 

Deposit Capital, $300,000. 
PERCY CHUBB, Resident Manager. 

Office, New York City. 
Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, . ..... $100,00000 

New York city bonds, 

Pennsylvania Railroad bonds, .... 

N. Y. Central & Hudson River R.R. bonds, 



300,000 00 
50,000 00 
25,000 00 



Market Value. 

$111,000 00 

300,000 00 

60,000 00 

25,000 00 



$475,000 00 $496,000 00 



MARINE INSURANCE CO. (LIMITED) . 



423 



Summary ok Assets Dec. 31, 1896. 

. $496,000 00 

15 05 

12,011 37 

70,477 61 

19,578 71 

9,342 22 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, . 
Premiums in course of collection (gross), 
Kotes taken for marine and inland risks, 

Reinsurance due, 

Gross assets, 



$607,424 96 



Unadmitted. 
Special deposits in other States, . . . $111,000 00 
Cash not in control of trustees, . . . 12,026 42 

Premiums in course of collection in excess of 
unearned premiums, ..... 34,363 00 



Balance, 



157,389 42 
$450,035 54 



Liabilities. 

Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
State and local taxes, 
Commissions and brokerage, . 

Reinsurance, 

Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, .... 



Surplus over capital, . 



$30,660 00 

55,693 32 

4,000 00 

4,453 13 

27,341 10 

4,529 45 

$126,677 00 
2,895 06 



123,781 94 

$326,253 60 

300,000 00 

$26,253 60 



Income. 

Marine premiums outstanding Dec. 31, 1895, . $87,260 76 
Premiums on risks written or renewed, . . 340,940 18 

Total, $428,200 94 

Premiums now in course of collection, . . 90,056 32 

Entire premiums collected, .... $338,144 62 
Less reinsurance and return premiums, . . 96,300 19 

Net cash marine premiums received, . . 

Interest and dividends received from all sources, . 

Gross cash income, 



$241,844 43 
10,052 90 

$251,897 33 



424 



NATIONAL ASSURANCE CO. 



Expenditures. 

Cash paid for marine and inland losses, . 
Deduct salvage and reinsurance, 
Net cash paid for marine and inland losses, 
Cash paid for commissions and brokerage, 
for salaries and incidentals, 
for State and local taxes, 
Remitted to home office, . 



163,804 37 
24,203 19 



139,601 18 

25,690 65 

6,934 29 

3,685 40 



$86,294 72 



Gross cash expenditures, 



f 175,911 52 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1895, 
Marine risks written during 1896, . 

Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$26,613,869 00 

235,619,905 00 

$262,233,774 00 

229,067,142 00 

$33,166,632 00 

2,754,681 00 



Premiums. 



),061 69 
340,940 18 



391,001 87 
330,507 34 



,494 53 
4,801 21 



$30,411,951 00 $55,693 32 



Miscellaneous. 
Marine and inland losses incurred during the year, 



. $140,886 00 



UNITED STATES BRANCH OF THE "NATIONAL ASSURANCE 

COMPANY," IRELAND. 

Deposit Capital, $200,000. 
GILBERT PALACHE, Manager. 

Office, San Francisco, Cal. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

Boston city bonds, $120,000 00 $126,200 00 

Boston & Maine Railroad bond, . . . 20,000 00 20,900 00 

150 shares Fitchburg Railroad stock, . . 15,000 00 13,725 00 

Lynn city bond, 15,000 00 15,450 00 

Old Colony Railroad bonds, .... 20,000 00 20,100 00 

Reading (Pa.) city bonds, .... 10,000 00 10,450 00 



$200,000 00 $206,825 00 



NORTH BRITISH AND MERCANTILE INSURANCE CO. 425 



Summary of Assets Dec. 31, 1896. 
Stocks and bonds, as per schedule, . . . $206,825 00 
Gross assets, 

Liabilities. 
Losses disputed or resisted, .... 
Unearned premiums on outstanding risks, 
Gross liabilities, except capital, 

Surplus as regards policy holders, . 

Deposit capital, 



$1,800 00 
99 88 


$206,825 
1,899 


00 

88 






. 


$204,925 12 
200,000 00 



Surplus over capital, $4,925 12 

Expenditures. 

Cash paid for fire losses, $1,293 52 

Cash paid for license and fees, 24 00 

Gross cash expenditures, $1,317 52 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1895, . , . $679,009 00 $12,759 38 

Deduct risks expired and terminated, . . 600,62100 12,129 48 



In force at end of year, $78,388 00 $629 90 

Miscellaneous. 
Fire losses incurred during the year, ..... $1,257 00 



UNITED STATES BRANCH OF THE "NORTH BRITiSH AND 
MERCANTILE INSURANCE COMPANY," LONDON AND EDIN- 
BURGH. 

Deposit Capital, $200,000. 
HENRY E. BOWERS, Manager. 

Office, New York, N. Y. 
Detailed Statement of Stocks and Bonds. 



United States bonds, .... 

N. Y. Central & Hudson River R.R. bonds, 
West Shore Railroad bonds, 
New York, Lackawanna & W. R.R. bonds, 
Manhattan Railway Co. bonds, 
Delaware & Hudson Canal Co. bonds, 
St. Paul & Northern Pacific Railroad bonds, 
Chicago & Northwestern Railroad bonds, 



Par Value. Market Value. 

$945,000 00 |1,053,108 00 

500,000 00 582,500 00 

400,000 00 416,000 00 

100,000 00 133,000 00 

60,000 00 56,400 00 

61,000 00 86,020 00 

50,000 00 59,000 00 

156,000 00 217,068 00 



426 



NORTH BRITISH AND MERCANTILE INSURANCE CO. 



Baltimore & Ohio Railroad bonds, . 

City of Boston, Mass., bonds, . 

City of Providence, R.I., bonds, 

City of St. Louis, Mo., coupons, 

New York County stock, . 

New York City stock, 

City of Brooklyn, N. Y., bonds, 

Massachusetts metropolitan water loan, 

Alabama Class "A" coupon bonds, . 

Virginia century bonds, . 

Virginia deferred certificates, . 

Milwaukee Underwriters' B'ld'ng Asso'n stock, 



Summary of Assets Dec 

Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Bills receivable taken for lire risks, 
Reinsurance due, ..... 
Deposits with boards and exchanges, 
Prem's more than three mos. due, $25,841 24 
Gross assets, 



Par Value. 

$200,000 00 

115,000 00 

187,000 00 

54,952 65 

22,000 00 

15,000 00 

30,000 00 

50,000 00 

10,000 00 

41,100 00 

18,666 67 

181 00 



Market Value. 

$180,000 00 

124,225 00 

210,842 00 

56,925 00 

26,620 00 

17,100 00 

30,900 00 

54,250 00 

10,250 00 

24,660 00 

1,120 00 

181 00 



$3,015,900 32 $3,340,169 00 

31, 1896. 

$3,340,169 00 

22,810 38 

252,345 13 

55,546 00 

387,610 81 

2,780 36 

389 97 

1,250 00 

$4,062,901 65 



Unadmitted. 



Special deposits, 

Cash not in control of trustees, 

United States bonds, . 

Bills receivable, 

Milwaukee Underwriters' stock, 

Miscellaneous deposits, 



$241,357 00 

275,155 51 

30,000 00 

2,780 36 

181 00 

1,250 00 



550,723 87 



Balance, $3,512,177 78 



Liabilities. 
Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less reinsurance, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Balance to credit of special agents, etc., 
State and local taxes and other items, 



$51,831 32 

136,270 73 

31,991 24 

$220,093 29 
12,857 20 

$207,236 09 

1,893,154 59 

8,890 65 

10,981 26 



NORTH BRITISH AND MERCANTILE INSURANCE CO. 427 



Commissions and brokerage, . 
Reinsurance disallowed, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, . 



Surplus over capital, 



$66,903 56 
1,516 98 

1,188,088 13 
171,340 17 



1,017,342 96 

. $1,494,834 82 
200,000 00 



.,294,834 82 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $445,540 73 
Premiums on risks written or renewed, . . 2,897,528 62 



Total $3,343,069 35 

Premiums now in course of collection, . . 413,452 05 

Entire premiums collected, .... $2,929,617 30 
Less reinsurance and return premiums, . . 583,999 41 

Net cash fire premiums received, . . . 

Interest and dividends received from all sources, . 



$2,345,617 89 
159,651 76 



Gross cash income, $2,505,269 65 



Expenditures. 

Cash paid for fire losses, $1,375,783 42 

Deduct salvage and reinsurance, . . . 67,957 64 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, .... 



Gross cash expenditures, . 



$1,307,825 78 

396,455 57 

208,454 57 

57,673 16 

99,952 76 

$2,070,361 84 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$368,998,285 00 $3,887,955 20 
276,616,925 00 2,897,528 62 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount reinsured, 

Net amount in force, . 



$645,615,210 00 $6,785,483 82 
269,677,168 00 2,838,469 06 



$375,938,042 00 $3,947,014 76 
26,164,168 00 206,644 65 



Miscellaneous. 

Fire losses incurred during the year, 



$349,773,874 00 $3,740,370 11 
. $1,268,146 00 



428 



NORTHERN ASSURANCE CO. 



UNITED STATES BRANCH OF THE "NORTHERN ASSURANCE 
COMPANY," LONDON, ENGLAND. 

Deposit Capital, $200,000. 

GEO. W. BABB, Jr., Manager. 

Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, . $385,000 00 $425,425 00 

Salem, Oregon, city bonds, .... 40,000 00 40,460 00 

New York city water stock, .... 200,000 00 202,000 00 

Boston city bonds, ...... 139,500 00 147,870 00 

St. Louis city bonds, ...... 40,000 00 42,350 00 

St. Paul city bonds, 50,000 00 56,000 00 

Minneapolis city bonds, ..... 100,000 00 105,500 00 

Massachusetts State bonds, .... 25,000 00 26,875 00 

Pennsylvania Railroad bonds, .... 100,000 00 102,000 00 

West Shore Railroad bonds, .... 50,000 00 53,625 00 

Chicago city bonds, ...... 50,000 00 52,000 00 

Omaha city bonds, ...... 100,000 00 107,000 00 

Chicago, St. Louis & New Orleans R.R, . . 50,000 00 49,000 00 

Chicago, Rock Island & Pacific Railroad, . 100,000 00 107,125 00 

Chicago, Milwaukee & St. Paul R'y, . . 50,000 00 67,250 00 



$1,479,500 00 $1,584,480 00 



Summary of Assets Dec. 31, 1896. 

Cash value of unencumbered real estate, . $115,000 00 

Stocks and bonds, as per schedule, . . . 1,584,480 00 

Cash in the office of the company, . , . 5,405 76 

Cash deposited in bank, ..... 82,632 37 

Interest due and accrued, ..... 3,850 00 

Premiums in course of collection (gross), . 214,468 08 

Bills receivable, etc., ..... 3,335 97 
Prem's more than three mos due, $4,280 46 

Gross assets, ...... 



>,009,172 18 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 
Bills receivable, etc., 



$244,885 00 

88,038 13 

3,335 97 



336,259 10 



Balance, .......... $1,672,913 08 



NORTHERN ASSURANCE CO. 



429 



Gross cash income, 



Liabilities. 

Losses adjusted, unpaid, $19, GOG 60 

claimed and reported, .... 47,793 07 

disputed or resisted, .... 21,236 00 

Total amount of losses, $88,635 67 

Less reinsurance, 4,919 89 

Net amount of unpaid losses, .... $83,71578 

Unearned premiums on outstanding risks, . 1,018,913 98 

Due and accrued for rent, salaries, etc., . . 2,309 43 

Commissions and brokerage, .... 27,778 44 

Return premiums, reinsurance, etc., . . 34,612 64 

Gross liabilities, except capital, . . $1,167,330 27 
Deduct liability on special deposits, . . 111,330 83 

Surplus as regards policy holders, 

Deposit capital, 

Surplus over capital, 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Same not collected, .... 

Net collected, .... 
Premiums on risks written or renewed, 

Total, 

Premiums now in course of collection, 

Entire premiums collected, 

Less reinsurance and return premiums, 

Net cash fire premiums received, 

Interest and dividends received from all sources, 

Received from home office, 



$1,055,999 44 

$616,913 64 
200,000 00 

$416,913 64 



$220,380 84 
1,411 86 

$218,968 98 
1,597,189 28 

$1,816,158 26 
217,336 68 

$1,598,821 58 
462,803 69 



11,954 71 



O 136,017 89 
59,032 50 



.,195,050 39 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and reinsurance, 

Net cash jjaid for fire losses, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for rent and incidentals, . 

Remitted to home office, ..... 

Gross cash expenditures, .... 



$752,208 93 
116,706 73 



$171,978 07 



$635,502 20 

162,600 98 

80,077 84 

37,866 28 

128,330 66 

1,044,377 96 



430 



NORWICH UNION FIRE INSURANCE SOCIETY. 



Risks and Premiums. 



Fire risks outstanding Dee. 31,1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$175,740,576 00 

140,624.271 00 

$316,364,847 00 

136,054,049 00 

$180,310,798 00 

4,564,743 00 



Premiums. 

$2,091,654 90 
1,597,189 28 

$3,688,844 18 
1,622,104 64 

$2,066,739 54 
44,921 68 



$175,746,055 00 $2,021,817 86 



Miscellaneous. 
Fire losses incurred during the year, 



$598,073 00 



UNITED STATES BRANCH OF THE "NORWICH UNION FIRE 
INSURANCE SOCIETY," NORWICH, ENGLAND. 

Deposit Capital, $200,000. 
J. MONTGOMERY HARE, Resident Manager. 

Office, New York, N. Y. 



Detailed Statement of Stocks and Bonds. 

Par Value. 

United States bonds, $375,000 00 

New York City water loans, .... 200,000 00 

New York Central & Hudson Riv. R R bonds, 75,000 00 

West Shore Railroad bonds, .... 57,000 00 

Pennsylvania Company bonds, . . . 150,000 00 

Chicago, Burlington & Quincy R.R. bonds, . 100,000 00 

Chicago, Rock Island & Pacific R'y bonds, . 100,000 00 

Lake Shore & Michigan Southern R'y bonds, . 118,000 00 

Richmond City, Va., bonds, . . . . 50,000 00 

Lehigh & Wilkesbarre Coal Co. bonds, . . 8,000 00 

N. Y., Chicago & St. Louis bonds, . . . 100,000 00 

Butler Co., Ohio, bonds, 50,000 00 

St. Paul, Minneapolis & Manitoba R'y bonds, . 50,000 00 

Long Island R.R. bonds, ..... 20,000 00 

Cleveland, Lorain & Wheeling R'y bonds, . 50,000 00 

Allegheny Valley R'y bonds 30,000 00 

United New Jersey R.R. & Canal Co. stock, . 10,000 00 

Chicago & Northwestern R'y Co. stock, . . 20,000 00 

Rensselaer & Saratoga R.R. stock, . . . 17,000 00 

St. Paul, Minneapolis & Manitoba R'y stock, . 30,000 00 

Pitts., Ft. Wayne & Chicago R'y stock, . . 20,000 00 

Chicago, Milwaukee & St. Paul R'y stock, . 20,000 00 



Market Value. 

$414,375 00 

206,875 00 

87,656 25 

60,420 00 

165,375 00 

87,750 00 

100,500 00 

140,420 00 

55,250 00 

8,330 00 

100,250 00 

54,375 00 

52,625 00 

15,000 00 

51,250 00 

30,900 00 

23,950 00 

30,350 00 

30,770 00 

33,900 00 

32,000 00 

26,200 00 



.,650,000 00 $1,808,521 25 



NORWICH UNION FIRE INSURANCE SOCIETY. 



431 



Summary op Assets Dec. 31, 1896. 

Loans on mortgage of real estate (first liens *), $40,000 00 

Interest due or accrued thereon, . . . 150 00 

Stocks and bonds, as per schedule, . . . 1,808,521 25 

Cash in the office of the company, . . . 1,233 85 

Cash deposited in bank, 234,319 49 

Premiums in course of collection (gross), . 145,756 64 

Reinsurance due, 17 67 

Prem's more than three mos. due, $15,389 33 

Gross assets, 



$2,229,998 90 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



$228,965 00 
8,833 71 



237,798 71 



Balance, $1,992,200 19 



Liabilities. 
Losses adjusted, unpaid, . . . . . 

claimed and reported, . . • . 

disputed or resisted, 


$90,482 10 

50,269 05 

8,755 00 




Total amount of losses, 

Less reinsurance, ...... 


$149,506 15 
5,357 40 




Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 


$144,148 75 

1,185,860 18 

2,803 40 

31,878 40 




Gross liabilities, except capital, 
Deduct liability on special deposits, 


$1,364,690 73 
114,886 11 


1,249,804 62 




. $170,165 96 
1,878,101 38 


Surplus as regards policy holders, . 
Deposit capital, 


$742,395 57 
200,000 00 


Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 


$542,395 57 


Total, 

Premiums now in course of collection, . 


. $2,048,267 34 
161,145 97 




Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 


$1,887,121 37 
374,376 19 


$1,512,745 18 









432 THE PALATINE INSURANCE CO., LIMITED. 



Interest received on mortgages, $1,800 00 

Interest and dividends received from all other sources, . . 77,226 26 

Income from appreciation in bonds matured, .... 1,509 65 
Received from home office, . . . . . $31,468 57 



Gross cash income, $1,593,281 09 

Expenditures. 

Cash paid for fire losses, $932,535 98 

Deduct salvage and reinsurance, . . . 49,079 79 

Net cash paid for fire losses, . . . . $883,456 19 

Cash paid for commissions and brokerage, .... 259,080 02 
for salaries of officers and employees, . . . 130,345 78 
for State and local taxes, ..... 21,747 94 

for rent and incidentals, 115,634 29 

Remitted to home office, $126,995 28 



Gross cash expenditures, $1,410,264 22 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



Premiums. 

$233,350,313 00 $2,427,560 76 
176,447,899 00 1,878,101 38 



$409,798,212 00 $4,305,662 14 
173,670,304 00 1,868,900 14 



$236,127,908 00 $2,436,762 00 
8,495,019 00 89,885 80 



$227,632,889 00 $2,346,876 20 



Miscellaneous. 
Fire losses incurred during the year, $831,881 00 



UNITED STATES BRANCH OF "THE PALATINE INSURANCE 
COMPANY, LIMITED," OF MANCHESTER, ENGLAND. 

Deposit Capital, $200,000. 

WM. WOOD, Manager. 

Office, New York, N. Y. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $400,000 00 $442,000 00 

Chicago, Rock Island & Pacific R.R. bonds, 

West Shore bonds, 

Missouri, Kansas & Texas Railroad bonds, 
Brooklyn City & Newtown Railroad bonds, 



200,000 00 209,250 00 

139,000 00 149,078 00 

100,000 00 81,750 00 

50,000 00 54,500 00 



THE TALATINE INSURANCE CO., LIMITED. 



433 



Baltimore & Ohio Railroad bonds, . 
Chicago & Northwestern Railroad bonds, 
New York city bonds, .... 
Manhattan Railway bonds, 
Chicago, Milwaukee & St. Paul R.R. bonds, 
Chicago & Northwestern Railroad bonds, 
N. Y.,Lake Erie & West. C. and R.R. bonds, 
N. Y. Central & Hudson River R.R. bonds, 
Beech Creek Railroad bonds, . 
Baltimore & Ohio Railroad bonds, . 
Chicago, Milwaukee & St Paul R.R. bonds, 
N. Y. Central & Hudson River R.R. bonds, 
Chicago, Burlington & Quincy R.R. bonds, 
Oregon Railway & Navigation Co. bonds, 
State of Georgia bonds, .... 
Central of Georgia Railway Company bonds, 
Pittsburgh, Cin., Chic. & St. Louis R.R. bonds, 
Louis & Nash and Mobile & Mont. R.R. bonds, 



Par Value. 

$77,000 00 

35,000 00 

200,000 00 

150,000 00 

50,000 00 

64,000 00 

25,000 00 

15,000 00 

25,000 00 

20,000 00 

10,000 00 

14,000 00 

40,000 00 

7,000 00 

25,000 00 

75,000 00 

200,000 00 

100,000 00 



Market Value. 

$69,085 00 

38,850 00 

200,000 00 

141,000 00 

48,750 00 

64,000 00 

25,250 00 

15,750 00 

26,375 00 

18,400 00 

11,475 00 

16,170 00 

39,200 00 

7,919 00 

25,938 00 

86,250 00 

205,333 00 

105,500 00 



!,02 1,000 00 $2,082,423 00 



Summary of Assets Dec. 31, 1896. 



Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 

Cash deposited in bank, 

Premiums in course of collection (gross) , 
Certificates of deposit, . . 
Prem's more than three mos. due, $ 23,099 93 
Gross assets, 



$2,082,423 00 

7,457 32 

311,907 63 

399,756 76 

50,000 00 



$2,851,544 71 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



$75,938 00 
251,828 30 



327,766 30 



Balance, $2,523,778 41 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 



$61,118 16 

168,944 13 

52,385 45 

$282,447 74 
22,412 13 

$260,035 61 

1,558,062 93 

70,766 87 



434 



THE PALATINE INSURANCE CO., LIMITED. 



Return premiums, 

Reinsurance, 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, 

Surplus over capital, .... 

Income. 

Fire premiums outstanding Dec. 31, 1895, 
Premiums on risks written or renewed, . 

Total, 

Premiums now in course of collection, . 

Entire premiums collected, 

Less reinsurance and return premiums, . 

Net cash fire premiums received, 

Interest received on mortgages, 

Interest and dividends received from all other 

Gross cash income, .... 



$28,356 40 
6,673 61 

11,923,895 42 
40,555 67 



$1,883,339 75 

$640,438 66 
200,000 00 

$440,438 66 



Expenditures 
Cash paid for fire losses, .... 
Deduct salvage and reinsurance, 
Net cash paid for fire losses, . 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for incidentals, 
Overdrafts paid, 

Gross cash expenditures, . 

Risks and Premiums. 



$385,478 36 
2,818.997 55 

^3,204,475 91 
422,856 69 

52,781,619 22 

534,169 10 



sources, . 



$2,247,450 12 

3,000 00 

86,187 07 

f2,336,637 19 



$1,503,436 75 
40,190 73 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 

Total, . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$305,252,666 00 
252,116,936 00 

$557,369,602 00 
265,356,758 00 

$292,012,844 00 
8,592,756 00 



$1,463,246 02 
470,696 88 
168,471 45 

47,382 98 
105,812 28 

35,000 00 

$2,290,609 61 

Premiums. 

$3,875,686 83 
2,818,997 55 

$6,694,684 38 
3,454,266 19 

$3,240,418 19 
70,880 01 



$283,420,088 00 $3,169,538 18 



Miscellaneous. 
Fire losses incurred during the year, 



$1,376,090 00 



PIKENIX ASSURANCE CO. 



435 



UNITED STATES BRANCH OF THE "PIKENIX ASSURANCE 
COMPANY OF LONDON/' LONDON, ENGLAND. 

Deposit Capital, $200,000. 
A. D. IRVING, Resident Manager. 

Office, New York, N. Y. 



Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States bonds, $1,298,000 00 $1,456,020 00 

Central of New Jersey bonds, .... 50,000 00 59,125 00 

Chicago, Rock Island & Pacific bonds, . . 50,000 00 52,312 50 

New York, Chicago and St. Louis bonds, . 50,000 00 52,125 00 

West Shore bonds, 120,000 00 128,700 00 

Pennsylvania Company bonds, . . . 25,000 00 27,875 00 

Chicago & Northwestern sinking fund bonds, 43,000 00 47,300 00 

St. Paul, Minn, and Manitoba bonds, . . 50,000 00 52,500 00 

New York City bonds, 100,000 00 100,000 00 



fl,786,000 00 f 1,975,957 50 



Summary op Assets Dec. 31, 1896. 

Stocks and bonds, as per schedule, . . . $1,975,957 50 

Cash in the office of the company, . . . 670 03 

Cash deposited in bank, 649,474 77 

Premiums in course of collection (gross), . 217,543 38 

Reinsurance due, . . . . 2,779 58 
Prem's more than three mos. due, $8,793 82 

Gross assets, — — $2,816,425 26 



Unadmitted. 



Special deposits in other States, 
Cash not in control of trustees, 



$217,425 00 
51,772 38 



269,197 38 



Balance, $2,577,227 88 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less reinsurance, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 



120,220 00 

295,500 00 

35,792 00 

$351,512 00 
132,483 00 

$219,029 00 
1,419,408 63 



436 



PHCENIX ASSURANCE CO. 



Commissions and brokerage, . 
Return premiums and reinsurance, . 

Gross liabilities, except capital, 
Deduct liability on special deposits, 

Surplus as regards policy holders, . 
Deposit capital, . 



$33,111 37 
148,992 41 

L,850,541 41 
103,998 25 



Surplus over capital, . 



1,746,543 16 

$830,684 72 

200,000 00 

$630,684 72 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $217,929 78 

Premiums on risks written or renewed, . . 3,277,176 81 

Total, $3,495,106 59 

Premiums now in course of collection, . . 226,337 20 



Entire premiums collected, .... $3,268,769 39 
Less reinsurance and return premiums, . . 1,236,124 27 

Net cash fire premiums received, 

Interest and dividends received from all sources, . 



. $2,032,645 12 
71,245 00 



Gross cash income, $2,103,890 12 



Expenditures. 

Cash paid for fire losses, $1,643,452 55 

Deduct salvage and reinsurance, . . . 504,855 95 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, .... 

for salaries of officers and employees, . 

for State and local taxes, 

for incidentals, 



Gross cash expenditures, . 



$1,138,596 60 

401,802 54 

107,832 88 

53,302 28 

140,887 62 

. $1,842,421 92 



Fire risks outstanding Dec. 31, 1895, 
Fire risks written during 1896, 



Risks and Premiums. 

Premiums. 

$393,904,494 00 $3,800,228 74 
354,440,060 00 3,277,176 81 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount reinsured, 

Net amount in force, . 



$748,344,554 00 $7,077,405 55 
354,891,088 00 3,360,107 35 



$393,453,466 00 $3,717,298 20 
96,252,176 00 864,199 18 



$297,201,290 00 $2,853,099 02 



Miscellaneous. 
Fire losses incurred during the year, 



. $1,133,200 00 



PRUSSIAN NATIONAL INSURANCE CO. 



437 



UNITED STATES BRANCH OF THE " PRUSSIAN NATIONAL 
INSURANCE COMPANY, 11 STETTIN, GERMANY. 

Deposit Capital, $200,000. 
THEODORE W. LETTON, Resident Manager. 

Office, Chicago, III. 
Detailed Statement of Stocks and Bonds. 

Par Value. Market Value. 

United States government bonds, . . . $200,000 00 $221,000 00 

Baltimore & Ohio Railroad bonds, . . . 30,000 00 27,000 00 

Beech Creek Railroad bonds, .... 30,000 00 31,650 00 

Chicago, Milwaukee & St. Paul R.R. bonds, . 30,000 00 34,500 00 

Cleveland Terminal & Valley R.R. bonds, . 15,000 00 11,250 00 

Erie Railroad bonds, ...... 10,000 00 13,900 00 

Illinois Central Railroad bonds, . . . 8,000 00 8,320 00 

Lake Erie & Western Railroad'bonds, . . 15,000 00 17,625 00 

Lehigh Valley Railroad bonds, . . . 29,000 00 29,616 25 

Louisville & Nashville Railroad bonds, . . 31,000 00 35,975 00 

Metropolitan Elevated Railroad bonds, . . 12,000 00 14,310 00 

Montana Central Railroad bonds, . . . 11,000 00 11,330 00 

Milwaukee, Lake Shore & West. R.R. bonds, . 11,000 00 13,970 00 

New York, Chicago & St. Louis R.R. bonds, . 30,000 00 30,187 50 

Pennsylvania Railroad bonds, .... 30,000 00 . 33,000 00 

Rochester & Pittsburg Railroad bonds, . . 14,000 00 16,870 00 

St. Paul, M. & Manitoba Railroad bonds, . 5,000 00 5,837 50 

St. Paul & Sioux City Railroad bonds, . . 26,000 00 34,060 00 

Toledo & Ohio Central Railroad bonds, . . 16,000 00 17,200 00 



$553,000 00 $607,601 25 



Summary of Assets Dec. 31, 1896. 



Cash value of unencumbered real estate, 
Stocks and bonds, as per schedule, . 
Cash in the office of the company, . 
Cash deposited in bank, .... 
Interest due and accrued, .... 
Premiums in course of collection (gross), 

Bills receivable, 

Due for reinsurance, . , . . 

Gross assets, 



$800 00 

607,601 25 

- 107 10 

18,765 38 

5,678 32 

79,043 08 

30 10 

5,343 43 



$717,368 66 



Unadmitted. 



Cash not in control of trustees, 
Bills receivable, 



,876 66 
30 10 



1,906 76 



Balance, § 715,461 90 



438 



PRUSSIAN NATIONAL INSURANCE CO. 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, . 

Total amount of losses, .... 
Less reinsurance, . . . . . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Return premiums, 

Reinsurance, 

Incidentals, 

Gross liabilities, except capital, 

Surplus as regards policy holders, . 
Deposit capital, 



$ 17,382 38 

16,615 25 

6,400 00 

$40,397 63 
1,349 61 

$39,048 02 

312,480 06 

14,630 37 

14,052 76 

2,076 25 

1,315 26 



$383,602 72 

$331,859 18 
200,000 00 



Surplus over capital, §131,859 18 



Income. 

Fire premiums outstanding Dec. 31, 1895, . $106,057 76 
Premiums on risks written or renewed, . . 521,675 92 

Total, $627,733 68 

Premiums now in course of collection, . . 79,043